Dalata acquires landmark Tara Towers Hotel for €13.1m
Ireland’s largest hotels group Dalata has agreed to buy the Tara Towers hotel for €13.155m.
Dalata said it plans to invest up to €4.5 million on renovating the three-star hotel, “in an extensive refurbishment programme to convert the property into a modern four star hotel”. The hotel will be rebranded as a Maldron hotel once renovation work is completed in January 2016.
“The Tara Towers Hotel is a very well located hotel in Dublin 4 that fits seamlessly into our strategic plan to grow our portfolio within Ireland and specifically the Dublin market,” said Dermot Crowley, deputy chief executive – business development and finance.
“We look forward to upgrading this property in a manner similar to the recent refurbishment of Maldron Pearse Street Hotel which is proving to be a very successful project for us,” he added.
The 111 room three-star hotel is located on the Merrion Road in Dublin, just adjacent to the new Elmpark business campus.
