Dalata completes deal to acquire Clarion hotel in Sligo

Dalata has completed the acquisition of the Clarion hotel in Sligo town, the company said on Friday.

The group announced plans to acquire the landmark hotel for €13.1 million in January.

The Clarion is a four-star hotel which has 162 bedrooms, including 89 suites, bar, restaurant, extensive meeting and conference facilities, leisure centre and swimming pool.

A popular wedding venue, the hotel, which generated earnings before interest, taxes, depreciation and amortisation (ebitda) of €930,000 last year, opened in 2005. The property was formerly home to a psychiatric hospital that accommodated up to 1,100 patients until its closure in 1992.

The property went on the market with a guide price of €7 million in late October on the instructions of Aiden Murphy of receivers Crowe Howarth.

Dalata said it is to invest up to €750,000 in a refurbishment programme on the property, which is to be rebranded as a Clayton hotel.