In the end, it came down to price. A host of financial and trade bidders had engaged with Dalata, the Irish-listed hotel operator, as part of its strategic review. However, as the company’s chief executive, Dermot Crowley, put it, the €6.45-a-share offer by Oslo-based investment firm Eiendomsspar and Swedish hotel company Pandox was the best on offer. “It was a thorough process,” Crowley said, pointing to advisers Rothschild and A&L Goodbody. The way Crowley sees it, an asset is only worth what someone is willing to pay. The Swedish consortium is willing to pay €1.4 billion for the hotel group,…
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