Statement re: Exclusive Discussions

RNS Number : 9648H

Dalata Hotel Group PLC

24 August 2016

 

Exclusive Discussions

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

Double Tree by Hilton Hotel © located at Sussex Road and Burlington Road, Dublin 4 ("the Property" or "the Hotel")

Dalata announces that, in collaboration with another party who is negotiating to purchase the Property, Dalata has entered into exclusive discussions to acquire operating interests in and to commit to a leasehold interest in the Hotel (the "Potential Transaction").

The Potential Transaction is subject to further due diligence and there can be no certainty at this time that a transaction will proceed and we will update shareholders as appropriate. The Potential Transaction may also be subject to the approval of Competition and Consumer Protection Commission (CCPC).

ENDS

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

Contacts

Company 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]

Company 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 (owned, leased and managed).  Dalata successfully operates the Maldron Hotel brand and Clayton Hotel brand throughout Ireland and the UK, as well as managing a portfolio of Partner Hotels. 

For the full year 2015, Dalata reported revenue of €225.7 million and Adjusted EBITDA of €62.6 million. In June 2016, the Group moved its stock market listing to the main markets of the Irish and London stock exchanges from ESM/AIM.

For further information visit: dalatahotelgroup.com

 

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