Dalata Hotel Group Plc completes contract for 4-star Tamburlaine Hotel

  • Nov 17, 2019 GMT
  • Team Kalkine
  • Dalata Hotel Group Plc (DAL) announced the completion of contracts to buy the operating and leasehold interest in the 4-star Tamburlaine Hotel.
  • The acquired hotel is located in Cambridge, United Kingdom and will be rebranded as Clayton Hotel Cambridge. The Ability Group is the landlord who has acquired the property.
  • The company will operate the hotel under a new full repairing and insuring (FRI) lease for a 30-year term with index linked five-year rent reviews.

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