Dalata Hotel Group plc has sold the Clayton Crown Hotel in London to a company controlled by AG Hotels Group for a cash consideration of c.£21 million.

Dalata said the 152-bedroom four-star hotel in Cricklewood is trading well but is no longer deemed a core asset, as the group’s strategic focus is on central locations.

Brokers Davy described the sale as ‘opportunistic’.

CEO Dermot Crowley commented: “I would like to take this opportunity to thank the team at Clayton Crown Hotel for the significant contribution they have made since the hotel was acquired as part of the Moran Bewley acquisition in 2015.

“This transaction represents excellent value and will assist us in our continued focus on securing central opportunities in attractive cities of the UK and continental Europe. London continues to be a priority for Dalata, and we look forward to opening our new hotel in Shoreditch in the second half of 2023.

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"Our immediate focus will be to communicate with our employees and assist them with the transition. We will be retaining the hotel management within the company.

“All other employees will have the opportunity to apply for vacant positions within Dalata or they can choose to remain in their current roles in the hotel.”

Dalata Hotel Group currently has 28 owned hotels, 17 leased hotels and three management contracts. Dalata successfully operate Ireland’s two largest hotel brands, the Clayton and the Maldron Hotels.