Liverpool Street station

Dalata Hotel Group PLC: Purchase of new London Hotel

Retrieved on: 
Friday, June 2, 2023
Heart, Tourism, Property, Hotel, EBITDAR, Apex, City, Acquisition, Corporation, National Rail, Bank, London Underground, Liverpool Street station, Dallata

Dublin, London, 2nd June 2023| Dalata Hotel Group plc (“Dalata” or “the Company”) is pleased to announce that it has exchanged contracts to acquire the long leasehold interest of the Apex Hotel London Wall (“the Hotel” or “the Property”), for consideration and a gross asset value of £53.4 million (€62.2 million) from Apex Hotels Limited (“Apex”), subject to standard contractual conditions and approvals.

Key Points: 
  • Dublin, London, 2nd June 2023| Dalata Hotel Group plc (“Dalata” or “the Company”) is pleased to announce that it has exchanged contracts to acquire the long leasehold interest of the Apex Hotel London Wall (“the Hotel” or “the Property”), for consideration and a gross asset value of £53.4 million (€62.2 million) from Apex Hotels Limited (“Apex”), subject to standard contractual conditions and approvals.
  • The Property, with expected EBITDAR of approximately £4.5 million in 2024, will require minimal initial investment and, on completion of the transaction, Dalata will rebrand the Hotel as Clayton Hotel London Wall.
  • Dermot Crowley, CEO of Dalata Hotel Group plc, said: “London is one of the world’s great cities.
  • We look forward to welcoming our new colleagues into the Dalata family.”
    Shane Casserly, Corporate Development Director, Dalata Hotel Group plc, said: “To have acquired such an attractive existing London hotel, in the current market, that will allow us to further expand the Clayton brand, is a fantastic achievement for the business.

ChiliSleep™, Pan Pacific London Partner to Elevate Sleep Wellbeing in Luxury Hotel Market

Retrieved on: 
Wednesday, September 1, 2021
Retail, Health, Home Goods, Lodging, Specialty, General Health, Travel, Consumer Reports, Cube, Invention, Pan Pacific, City, Tara, Health, Entrepreneurship, Circadian rhythm, Multimedia, Temperature, Partnership, Immunity, Rest, Mindfulness, Liverpool Street station, Habit, Hotel, Nightclub, ChiliSleep, Pan Pacific London, CHILISLEEP, PAN PACIFIC LONDON

View the full release here: https://www.businesswire.com/news/home/20210901005332/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210901005332/en/
    Kryo, Inc., the parent company of sleep technology brand ChiliSleep, today announced it has become a proud wellness partner of Pan Pacific London, the brand new 5-star hotel that is elevating the guest experience with an innovative approach to overall wellbeing.
  • Hotels prioritizing complete guest satisfaction with a promise of deep sleep and enhanced recovery will come out ahead, said Robbie Leung, Pan Pacific Director of Wellbeing.
  • ChiliSleep is a sleep technology brand that optimizes health and wellness through clinically researched and drug-free sleep therapies to improve sleep quality.
  • Now open, Pan Pacific London marks Pan Pacific Hotels Group's first footprint in Europe.