Dalata Hotel Group has acquired Hotel La Tour Birmingham (HLTB) for £31m, which is situated in the centre of Birmingham, from Hotel La Tour Ltd.
Hotel La Tour was newly built in 2012 and has 174 bedrooms, a restaurant, bar as well as extensive conference and meeting facilities. The hotel is located within walking distance of Birmingham New Street Station in the centre of the city.
The hotel will be rebranded as a Clayton hotel in the final quarter of this year. EBITDAR attributable to the hotel was circa £1.9m for the year ended 31st March, 2017.
Dermot Crowley, Deputy CEO Business Development and Finance, said, 'Hotel La Tour in Birmingham represents an outstanding opportunity to operate a newly built hotel in the centre of one of the largest cities in the UK. The acquisition is consistent with our stated strategy of rolling out both our Maldron and Clayton hotel brands across the larger UK cities.'