McCann FitzGerald have advised Moran & Bewley’s Hotel Group on the sale of a hotel portfolio to Dalata Hotel Group plc (subject, inter alia, to Dalata shareholder approval and approval of the Competition and Consumer Protection Commission in Ireland) for an enterprise value of €455 million. The sale covers a portfolio of nine hotels comprising over 2,500 rooms across five locations in Ireland and four locations in the UK. The transaction, in view of its size, constitutes a reverse takeover by Dalata under the ESM Rules of the Irish Stock Exchange and the AIM Rules of the London Stock Exchange.