Dalata Hotel Group has said it expects full year earnings to be in line with market expectations.

In a trading update for the last four months of the year, it describes the outlook for 2018 as encouraging with a pipeline of almost 1,300 rooms set to open across the UK and Ireland.

The company today also confirmed the acquisitions of 62 rooms at Clayton Hotel Cardiff Lane for €8.7m and a further 18 rooms at Clayton Hotel Liffey Valley for €2m.

This is in line with its strategy to buy out the remaining freehold interest in the hotels. 

Dalata said the Dublin market has continued to be very strong for the company in the second half of the year with RevPAR (revenue per available room) at its hotels now up 9.5% for the year to date as at the end of November. 

RevPAR growth in its Regional Ireland portfolio continues to be very strong with an increase of 8.7% for the 11 months to the end of November. 

But as it had anticipated, RevPAR growth in Dalata's London hotels has been slower in the second half of the year leading to lower growth in its UK and Northern Ireland portfolio. 

However, the year to date growth at the end of November was still the strongest of its three regions at 10.4%.

The hotel group also said today that it has signed a deal to lease a new Maldron hotel to be built in Glasgow with McAleer and Rushe. 

The new hotel will be a 4-star property located on Renfrew Street in the centre of Glasgow. 

It will have about 250 air-conditioned rooms, a bar, restaurant and conference facilities. 

The construction of the hotel, which is expected to open in the second half of 2020, is still subject to planning permission from Glasgow City Council.

In today's trading update, the company said that the last four months of the year has continued to see progress across the business.

Hotel LaTour in Birmingham and Clarion Hotel Liffey Valley in Dublin have now both been rebranded as Clayton Hotels.

The company said there are now 19 Clayton hotels in Ireland and the UK, with over 4,800 rooms.

"Given the pipeline of hotels due to open in the next year and the continued strength of trading in our three regions, we look forward to 2018 with confidence," Dalata's deputy CEO Dermot Crowley said.

The hotel group also said today that it has signed a deal to lease a new Maldron hotel to be built in Glasgow with McAleer and Rushe. 

The new hotel will be a 4-star property located on Renfrew Street in the centre of Glasgow. 

It will have about 250 air-conditioned rooms, a bar, restaurant and conference facilities. 

The construction of the hotel, which is expected to open in the second half of 2020, is still subject to planning permission from Glasgow City Council.