Sale and Leaseback transaction

RNS Number : 8954I

Dalata Hotel Group PLC

22 June 2017

 

Dalata completes Sale and Leaseback of the Clayton Hotel Cardiff, Wales, with M&G Real Estate

ISE: DHG                              LSE: DAL

Dublin, 22nd June 2017 | Dalata Hotel Group plc ("Dalata" or "the Company") is pleased to announce it has completed the sale and leaseback of Clayton Hotel Cardiff, Wales with M&G Real Estate.

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. 24 of the hotels are owned by Dalata, 10 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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