Acquisition Update

RNS Number : 1992P

Dalata Hotel Group PLC

29 August 2017

 

ACQUISITION UPDATE

ISE: DHG                              LSE: DAL

Dublin, 29 August 2017 | Dalata is pleased to announce that it has received clearance from the Competition and Consumer Protection Commission, to acquire the Freehold Interest of certain elements of the Clayton Hotel Cardiff Lane, Dublin 2 and the Clarion Hotel, Liffey Valley, Dublin 22.  This acquisition is expected to close over the coming weeks.

ENDS

Contacts

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

Investor Relations & Public Relations FTI Consulting Melanie Farrell T: [phone] E: [e-mail]

Joint Company Brokers Davy Anthony Farrell T: [phone] E: [e-mail]

Berenberg Ben Wright T: [phone] E: [e-mail]

About Dalata

Dalata Hotel Group plc is Ireland's largest hotel operator, with a current portfolio of 38 three and four star hotels with over 7,700 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. 21 of the hotels are owned by Dalata, 13 hotels are operated under lease agreements and 4 are operated under management agreements.

For the full year 2016 Dalata reported revenue of €290.5 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

 

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