Dalata Sells Leasehold Interest

RNS Number : 8759J

Dalata Hotel Group PLC

03 July 2017

 

Dalata Sells Leasehold Interest in Croydon Park Hotel

ISE: DHG                              LSE: DAL

Dublin, 3rd July 2017 | Dalata Hotel Group plc ("Dalata" or "the Company") announces it has sold Kasterlee UK Limited, the company which holds the leasehold interest in the Croydon Park Hotel ("The Hotel"). The Hotel made a small loss of £20,000 in the six months to end of June 2017.

Dermot Crowley, Deputy CEO Business Development and Finance, said: "I would like to thank the management and staff of the Croydon Park Hotel for the commitment and dedication showed while the hotel was part of Dalata Hotel Group".

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 37 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. 21 of the hotels are owned by Dalata, 12 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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