Source - SMW
Dalata Hotel Group has agreed the sale and leaseback of its Clayton Hotel in Cardiff Wales, to M&G Real Estate for £22.1m.

Dalata said the hotel would be let on a new  fully repairing and insuring lease for a 35 year term at an initial rent of £1.15m per annum which would be subject to five yearly rent reviews, index-linked to the Retail Price Index. 

Dalata will retain the fixtures and fittings, within the hotel to the value of £2.1 million and also the benefit of a restaurant sub-lease to Viva Brazil Cardiff Ltd, located on the ground floor of the building, on a 20 year lease, expiring in 2032.

The Clayton Hotel Cardiff is a 4 star hotel in Cardiff city centre, a short walk from Cardiff Central train station and the Principality (formerly Millennium) Stadium.