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
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Polish insurtech company Trasti garners funding from EBRD
Polish insurtech company Trasti has secured a 88.1m zlotys ($24.3m) investment from the European Bank for Reconstruction and Development (EBRD), in conjunction with the Triglav Group. The capital will support Trasti's expansion plans to enhance its digital insurance offerings, focusing on motor insurance policies linked to Triglav and aimed at improving its reach in the property and casualty segments and technological capabilities. Trasti CEO Janusz Wojtas said: 'Trasti is a modern, future-ready, digital insurer that, thanks to the technology and know-how of its team, is able to create local products based on universal processes – real improvements to the customer experience. 'The investment of the EBRD and Triglav is not only financial support for us but also proof that our model works and works. We will use the funds raised for further bold innovations and questioning the usual patterns." Trasti also plans to elevate its corporate governance standards by implementing the IFRS accounting standards and refine its reporting framework to align with international norms. EBRD private equity co-head Tamas Nagy stated: 'Trasti is a prime example of a high-potential, tech-oriented company that we want to invest in Poland. 'We are pleased to have been able to bring in an experienced international investor like Triglav on board through this transaction and are confident that our partnership will enable Trasti to mature into a market leader.' The EBRD has invested €16bn ($18.77bn) in 560 projects in Poland since 1991. In December, the EBRD and Aon established a €110m facility aimed at aiding Ukraine's economic recovery in the face of conflict. "Polish insurtech company Trasti garners funding from EBRD " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
7 minutes ago
- Yahoo
IQ-EQ acquires fund platform Gordian Capital
Astorg portfolio company IQ-EQ has announced the acquisition of Gordian Capital, an institutional cross-border fund platform and solutions provider in Asia. The transaction has received the necessary regulatory approvals from the Monetary Authority of Singapore and the Securities and Futures Commission of Hong Kong, and is anticipated to close soon, subject to standard closing conditions. This move aims to enhance IQ-EQ's service offerings to a diverse clientele, which includes global and regional asset managers, sovereign wealth funds, development finance institutions, family offices, and corporations involved in various investment strategies such as private equity, real estate, and hedge funds. IQ-EQ Group CEO Mark Pesco said: 'This acquisition represents a significant milestone in IQ-EQ's growth strategy, further solidifying our strong market position in the Asia Pacific region. 'Asia has long been a key region for IQ-EQ, and the addition of Gordian Capital, alongside our recent acquisition of AMAL Group, underscores our commitment to expanding our presence and capabilities in this dynamic market.' Founded in 2004 in the Cayman Islands and establishing a presence in Singapore in 2005, Gordian Capital operates with a team of 77 professionals across offices in Singapore, Tokyo, Hong Kong, Shanghai, and Melbourne. The firm currently manages assets worth $17bn, with 96% sourced from institutional investors. The acquisition will facilitate Gordian's planned expansion into the Middle East, pending approval from the Dubai Financial Services Authority. Mark Voumard, CEO and co-founder of Gordian, will continue to lead the firm and will integrate into IQ-EQ's senior leadership team in Asia. Gordian Capital will operate under its existing name as part of IQ-EQ until the second quarter of 2026, when it will undergo rebranding. Voumard said: 'I'm delighted to announce this game-changing deal, which we at Gordian feel is a perfect strategic fit for our business. 'We were attracted to IQ-EQ not just for its impressive market leadership but their firm wide focus on people and delivering best in class client service excellence sealed the deal.' In May this year, IQ-EQ acquired South Watch from Everlane Equity Partners and key employee shareholders. South Watch specialises in fund administration, outsourced CFO services, and tax preparation for hedge fund managers in the US and Cayman Islands. "IQ-EQ acquires fund platform Gordian Capital" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
7 minutes ago
- Yahoo
Treasuries Fall as Haven Appeal Wanes on US-Japan Trade Deal
(Bloomberg) -- Treasuries were poised to end a five-day streak of gains Wednesday as demand for havens waned after the US inked a trade deal with Japan. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Why the Federal Reserve's Building Renovation Costs $2.5 Billion Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Milan Corruption Probe Casts Shadow Over Property Boom How San Jose's Mayor Is Working to Build an AI Capital The yield on US 10-year debt trimmed an advance but remained one basis point higher 4.36%, halting a week-long slide. Germany's benchmark borrowing costs rose one basis point to 2.60% while UK equivalents were up five basis points at 4.61%. Hopes that the US will reach other trade deals ahead of its self-imposed Aug. 1 deadline are mounting. Secretary of the Treasury Scott Bessent sounded positive on the prospect in an interview on Bloomberg TV, saying talks with the EU are going better and negotiations are back on track with China. Secretary of Commerce Howard Lutnick — who recently said he was confident a trade deal with Europe will be reached — is set to be interviewed at 8:15 a.m. New York time. Traders will also be mindful of a $13 billion offering of US 20-year securities later amid the sensitivity of long-maturity debt globally to growing fiscal concerns. A sale of 40-year Japanese bonds earlier saw the lowest bid-to-cover ratio since 2011 and the 10-year yield rose to the highest since 2008. On Tuesday, Bessent shored up support for Federal Reserve Chair Jerome Powell, who has come under fire from President Donald Trump for keeping interest rates steady. Money markets are betting the Fed will hold interest rates in a 4.25% to 4.5% range next week, according to swaps tied to policy-meeting dates. However, traders expect at least on quarter-point reduction by October with an 80% chance of a second by year-end. (Updates yield levels in the second paragraph and adds remarks by US Treasury Secretary Bessent in the third paragraph) Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Burning Man Is Burning Through Cash A Rebel Army Is Building a Rare-Earth Empire on China's Border Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
