Dalata Hotel Group plc signed an agreement to acquire American Hotel Exploitatie B.V. from Zien Group on September 21, 2023. The consideration will also be financed from Dalata?s existing cash and banking facilities. The hotel is being rebranded to Clayton Hotel Amsterdam American and Dalata will invest approximately ?4.5 million to enhance the property over the coming years.

The transaction is expected to close by early October. Roman Tarlavski, Marcellina Rietvelt, Maarten Feenstra, Anton Louwinger from CMS Derks Star Busmann N.V. acted as legal advisors to Zien Group in the transaction.