Dalata Shareholders Back €1.6B Bid, Irish Court Approval Next

Dalata Hotel Group shareholders have overwhelmingly approved a takeover bid worth €1.4 billion (about $1.64 billion) from Pandox Ireland Tuck Limited, a holding company formed by Swedish property investor Pandox (which will own 91.5 percent) and Norwegian investor Eiendomsspar (which will own 8.5 percent).

The shareholder approval follows the formal announcement of the offer on July 15, 2025, with acceptance rates recorded up to 100 percent.

The acquisition list includes both investment properties and operating agreements, making it a hybrid asset and hotel management model.

The next stage requires Dalata to submit the acquisition for approval to the Irish High Court, with proceedings anticipated in October 2025.

Earlier, Dalata rejected a lower proposal that valued the group at €1.27 billion (around $1.49 billion) with €6.05 ($7.11) per share.

Dalata operates 56 hotels totaling 12,219 rooms, located mainly in Ireland, the UK, Germany, and the Netherlands. It also holds an active pipeline of 1,912 rooms and aims to increase its portfolio to around 21,000 rooms by 2030.

A few days ago, Inspirato, a luxury travel club, revealed in a financial filing that it received an all-cash acquisition proposal from rival Exclusive Resorts. Valued at about $39 million, this proposal contrasts with Inspirato’s previously declared reverse merger arrangement with Buyerlink, a platform specializing in automotive and online marketplaces.