Dalata acquires small site adjacent to its Clayton Hotel Charlemont

Hotel group Dalata has acquired 38 Charlemont Street, a small site adjacent to its Clayton Hotel currently under development, for about €500,000.

The Irish Times understands the group will soon submit plans for a cafe and two additional bedrooms on the first floor that will be part of its hotel next door.

The deal closed on Tuesday with JLL acting for Dalata.

The Dublin 2 site which is approximately 0.02 acres currently has a two-storey, semi-detached premises of about 120sq m that had been occupied by a retailer called “Lovely Touch”. Agent CBRE was, however, advertising the property as one that it understood could be “sold with the benefit of full vacant possession”.

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Three doors up from the landmark Barge pub, 38 Charlemont Street is zoned for sustainable mixed-use and uses permitted in principle include, among other things, bed and breakfast.

Dalata’s Dermot Crowley said the site which will house the “Red Bean Cafe” will be a “great addition to the hotel when it opens in November this year”.

Four-star facility

The Clayton Hotel Charlemont will have 180 bedrooms, two large meeting rooms and an executive boardroom with capacity for 100 people when it opens. The four-star facility will also have a bar, restaurant, and a “fitness suite” upon completion.

Dalata Hotel Group is Ireland’s largest hotel operator with a current portfolio of 38 hotels with over 7,500 rooms. The Dublin and London-listed company founded in 2007 operates the Clayton and Maldron brands across Ireland and the UK and manages a small portfolio of “partner properties”.

Results released at the end of February showed that profit before tax at the group increased more than 75 per cent to €77.3 million in 2017 while revenue increased to €348.5 million. Additionally, it announced plans to pay a dividend from 2018 onwards.

The company spent €129 million on hotel acquisitions during the year, bringing its total assets to almost €1 billion.