Hotel
The Hotel makes up 16.0% of the passing rent. The current rental rate is passing off a low base and with a CPI linked uplift in November 2023 investors will have immediate growth in this income in the short term.
The hotel fronts the N81 and is laid out over 6 floors providing 119 rooms as well as large conference and banqueting facilities. The hotel also includes a leisure facility comprising a 20-meter swimming pool and a gym, included within the new lease signed in 2016.
The hotel has undergone recent upgrades and trades under the Maldron brand. Maldron Hotels are part of the Dalata Group, one of Ireland’s largest hotel operators. Maldron Hotels are recognised across Ireland as a reputable hotel chain that is both affordable and of a high standard.
The hotel is part of one of Ireland’s largest operators, Dalata Group, under the Maldron Hotels brand
COVENANT
Dalata Hotel Group PLC is a hotel company which owns and operates hotels across Ireland and the UK. It is the largest hotel operator in Ireland with over 7,100 rooms available across owned, leased and managed hotels. As of February 2020, the company operates 32 hotels across Ireland (25 owned, 7 leased) as well as managing 3 on behalf of external parties. Additionally, it operates nine hotels across the UK (5 owned, 4 leased).