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Clayton and Maldron hotels to be sold to Scandinavian group

John Campbell
BBC News NI economics and business editor
Getty Images The exterior of the Clayton Hotel in Dublin's docklands. Getty Images
The Dalata group operates 55 hotels under the Clayton and Maldron brands, including three in Northern Ireland

A Scandinavian consortium is buying Ireland's largest hotel chain for €1.4bn (£1.2bn).

The Dalata group operates 55 hotels under the Clayton and Maldron brands, including three in Northern Ireland.

Earlier this year it put itself up for sale saying fresh investment was needed to grow the business.

The buyers are Pandox, a Swedish hotel operator, and Eiendomsspar, a Norwegian property company.

Pandox's existing hotels include the Belfast Hilton which it bought for about £40m in 2023.

Since its foundation in 1995, it has grown into one of the largest hotel owners in northern Europe with 163 properties across 11 countries.

Dalata said that when the deal is completed it will retain its staff, management team and Dublin headquarters.

Dermot Crowley, chief executive of Dalata, said: "Our focus remains firmly on our people and our customers.

"I'm proud to continue to lead our team in close partnership with our new owners. Together, we will unlock new opportunities for the Clayton and Maldron brands as we continue to expand as a leading international hotel company."