Decision Nº M/14/035 from Competition and Consumer Protection Commission, 2015-01-09

JurisdictionIreland
PartiesDalata Hotel Group plc.,White's Hotel Limited (in receivership)
Date09 January 2015
Decision Date09 January 2015
StatusCleared (Phase 1)
CourtCompetition and Consumer Protection Commission (Ireland)
Decision NumberM/14/035
M/14/035-Dalata/White’s Hotel
1
DETERMINATION
OF
MERGER
NOTIFICATION
M/14/035
-
DALATA
/
WHITE’S
HOTEL
Section 21 of the Competition Act 2002
Proposed acquisition of White's Hotel Limited by Dalata Hotel Group p.l.c.
Dated 9 January 2015
Introduction
1. On 28 November 2014, in accordance with section 18(1) of the Competition Act
2002, as amended (“the 2002 Act”), the Competition and Consumer Protection
Commission (“the Commission”) received a notification of a proposed transaction
whereby Dalata Hotel Group p.l.c. (“Dalata”) would acquire certain assets,
namely White’s Hotel, from White's Hotel Limited.
The Proposed Transaction
2. The proposed transaction is pursuant to (i) a Business Sale Agreement between
White’s Hotel Limited (in Receivership), Kieran Wallace of KPMG and DHGL
Limited, and (ii) a Property Sale Contract between White’s Hotel Limited (in
Receivership), 19 named individuals and DHGL Limited.
1
The Undertakings Involved
The Acquirer - Dalata
3. Dalata, headquartered in Sandyford in Dublin, is the holding company of the
Dalata Hotel Group.
2
Dalata is involved, through various wholly owned
subsidiaries, in the hotel sector in Ireland and in Wales.
3
4. Within the State Dalata owns and operates three hotels, one in Limerick and two
in Dublin. Also within the State, Dalata operates 32 hotels owned by other parties
in a wide variety of locations.
4
Of these, 10 are operated on the basis of long term
1
Both of these documents are dated 14 October 2014. DHGL Limited is a wholly owned subsidiary of Dalata. See also
footnote 6.
2
Dalata’s largest shareholders are Franklin Templeton Institutional, LLC 11.9%, Marketfield Asset Management 10.1%, FIL
Limited 10.0%, Pioneer Asset Management S.A. 4.9%, and Blackrock Inc. 3.5%.
3
Outside of the State, Dalata owns and operates the Maldron Hotel Derry. Dalata also operates, on behalf of third parties,
the Maldron Hotel Belfast and the Best Western Plus Maldron Hotel Cardiff.
4
It is not uncommon in the hotel sector for one individual or undertaking to own a hotel and to enter into a management
contract or contracts with another individual or undertaking to manage the hotel operations, i.e., the supply of hotel
services to consumers.

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT