Acquisition Update

RNS Number : 1896O

Dalata Hotel Group PLC

02 November 2016

 

Dalata Hotel Group plc

("Dalata" or the "Company" or the "Group")

 ACQUISITION UPDATE

Dublin, 2 November 2016 | Dalata is pleased to announce that it has received clearance from the Competition and Consumer Protection Commission to acquire the entire issued share capital of DT Sussex Road Operations Limited which holds the operating interest of the Double Tree by Hilton Hotel, formerly "The Burlington Hotel" in Dublin 4. This acquisition is expected to close over the coming weeks.

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This announcement contains inside information regarding Dalata Hotel Group plc pursuant to the Market Abuse Regulation.

Contacts

Dalata Hotel Group plc Dermot Crowley, Deputy CEO Business Development and Finance T: [phone] E: [e-mail]

Investor Relations & Public Relations FTI Consulting Jonathan Neilan/Patrick Berkery T: [phone] / [phone] E: [e-mail]

Sponsor and Broker Davy Anthony Farrell T: [phone] E: [e-mail]

About Dalata

Dalata Hotel Group plc is Ireland's largest hotel operator, with a current portfolio of 40 three and four star hotels with over 7,500 rooms. Dalata successfully operate Ireland's two largest hotel brands, the Clayton and the Maldron Hotels across Ireland and the UK, as well as managing a portfolio of partner hotels. 24 of the hotels are owned by Dalata, 9 hotels are operated under lease agreements and 7 are operated under management agreements.

For the full year 2015 Dalata reported revenue of €225.7 million. Dalata is listed on the Main Market of the Irish Stock Exchange (DHG) and the London Stock Exchange (DAL).

For further information visit: www.dalatahotelgroup.com

http://dalatahotelgroup.com/about-us/management-team/

 

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