August 11, 2017 / 2:22 PM / 5 days ago

BRIEF-Dalata Hotels says to sell a Birmingham hotel for 30 mln stg

Aug 11 (Reuters) - Dalata Hotel Group Plc:

* DALATA HOTEL GROUP - HAS AGREED AND COMPLETED CONTRACTS WITH DEKA IMMOBILIEN FOR SALE AND LEASEBACK OF HOTEL LA TOUR IN BIRMINGHAM FOR £30 MILLION

* PROCEEDS OF SALE WILL BE WILL BE USED TO REDUCE NET DEBT ARISING FROM RECENT ACQUISITION OF HOTEL LA TOUR Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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