Pandox Consortium to Buy Dalata Hotel for $1.6 Billion
Dalata Hotel Group, Ireland's largest hotel owner and operator, has agreed to a €1.4 billion (about $1.6 billion) sale to a Scandinavian consortium led by Pandox AB and Eiendomsspar AS.
The deal, announced Tuesday, will split Dalata's real estate holdings from its hotel operations and follows a strategic review launched earlier this year. It includes 56 hotels and more than 12,000 rooms across Ireland, the UK, Germany, and the Netherlands, operating under the Clayton and Maldron brands.
"Dalata's portfolio consist
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