Nov 11 2024
Hotels
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Dalata Hotel Group
To add prime London City location
Dalata has announced that it has exchanged an agreement on a lease for a 4-star Clayton hotel in the City of London. Subject to planning, the 154-bed hotel will be developed at 20 Old...
Dalata Hotel Group
Acquires Dublin airport hotel
Dalata has announced that it has purchased the Radisson Hotel Dublin airport for €83m. The 229-bed hotel is located on the airport campus and has planning for additional development....
Dalata Hotel Group
Investor day shines a light on growth ambitions
Dalata’s investor day and hotel visit (October 15th) provided a clear overview of the strength of the business, the evolution and growth of its brand positioning, the scale of its...
Dalata Hotel Group
Ambitious growth targets and further cash returns
Dalata has updated the market ahead of its investor day, which commences at 10.00 this morning. Management expects September and October RevPAR to improve to 2% with all regions...
Dalata Hotel Group
Refi an indicator of balance sheet strength
Dalata announced that it has completed a €600m refinancing via a mix of a term loan, a revolving credit facility (RCF) and its first private placing. The terms of the refi look...
Dalata Hotel Group
Solid H1 out-turn in the context of market headwinds
Dalata issued solid H124 results with revenue up 6% to €302m and aEBITDA up 4% year-on-year (yoy) to €107.6m (Davyf €110.5m). This is a good outcome in the context of a soft start to...
Dalata Hotel Group
Good momentum into the summer
Dalata has updated on H1 trading this morning, noting that the trading environment has improved as it has entered the busier part of the year. Group like-for-like (LFL) RevPAR has...
Dalata Hotel Group
Trading in line with prior trends; remains optimistic for the remainder of the year
Dalata has issued a trading update alongside its AGM. Group like-for-like (LFL) RevPAR was down 4% year-on-year (yoy) for the January to April period, broadly in line with our...
Dalata Hotel Group
UK expansion to drive growth
2023 was another exceptional year for Dalata, growing revenues, increasing its estate and pipeline, delivering strong profit growth, generating record free cashflow and reintroducing...
Dalata Hotel Group
FY23 strong; some softness in early ’24 but confident outlook
Dalata reported FY23 results this morning. Although the headline financials had been pre-released, the underlying detail gives a good sense of how well the group performed in 2023....
