Acquisition Update

RNS Number : 8728P

Dalata Hotel Group PLC

22 November 2016

 

Completion of Acquisition of the Operating & Leasehold Interest in the Double Tree by Hilton Hotel in Dublin City Centre

Dublin, 22 November 2016 | Dalata Hotel Group plc ("Dalata" or "the Company") is pleased to announce that it has completed the acquisition of the operating interest of the Double Tree by Hilton Hotel, Burlington Road ("The Hotel"), in Dublin 4. Dalata has commenced operations in the hotel through a 25 year Operating Lease agreed with Deka Immobilien as the new owners of the property.

The Hotel will continue to trade as a four star property and is currently being re-branded as the Clayton Hotel Burlington Road. As one of Ireland's largest hotel brands, Clayton Hotels is a collection of well-appointed properties, renowned for offering a unique personality with a warm, welcoming atmosphere and superior service.

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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 41 hotels with over 8,000 rooms. Dalata successfully operate Ireland's two largest hotel brands, Clayton Hotels and Maldron Hotels across Ireland and the UK, as well as managing a portfolio of partner properties. 24 of the hotels are owned by Dalata, 10 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

 

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