Half of planned new hotels won’t open, McCann warns
Dalata chief warns of spiralling land and construction costs. More than 80 hotels are being built or are in planning process
The country’s biggest hotel chain has warned that dozens of planned new hotels will be unviable as a result of spiralling land and construction costs.
Pat McCann, the chief executive of Dalata, which owns the Clayton and Maldron brands, said many of the properties will struggle to get financing as the plans were based on unrealistic assumptions around costs and room rates.
According to reports from estate agents, there are more than 80 ...
