Irish Dalata group buys Hotel La Tour for £31m
An Irish hotels group has swooped in to buy Birmingham's boutique Hotel La Tour for £31 million.
The hotel, on Park Street in the city centre, is around 100 yards from the proposed site of the HS2 Curzon Street railway station.
Opened in 2012 and with 174 bedrooms, Hotel La Tour also has the first Mr White's English Chophouse, opened by celebrity chef and restaurateur Marco Pierre White.
The hotel will be rebranded as a Clayton hotel in the final quarter of this year. Earnings at the hotel were around £1.9 million for the 12 months to the end of March this year.
It has been bought by Dalata, Ireland’s largest hotel operator, a £260 million-a-year business with 37 hotels and over 7,500 rooms. It operates Ireland’s two largest hotel brands, Clayton and Maldron.
Dermot Crowley, deputy CEO for business development and finance at Dalata, 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. “