Dalata Hotel Group PLC 33 Suites in Clarion Hotel Liffey Valley (9587Q)
September 18 2017 - 2:00AM
UK Regulatory
TIDMDAL
RNS Number : 9587Q
Dalata Hotel Group PLC
18 September 2017
Dalata Enters into Agreement for 33 Suites in the
Clarion Hotel Liffey Valley, Dublin 22
ISE: DHG LSE: DAL
Dublin, 18(th) September 2017 | Dalata Hotel Group plc ("Dalata"
or "the Company") is pleased to announce that it has entered into
an agreement with Martin Ferris as Receiver to acquire the long
leasehold interest of 33 suites in the Clarion Hotel Liffey Valley,
Dublin 22, for a consideration of EUR8.58 million ("the
Transaction"). It is expected that the Transaction will complete in
September 2017.
As announced on 4(th) September 2017, Dalata completed the
acquisition of the core Clarion Hotel Liffey Valley (incorporating
158 bedrooms, the leisure centre, meeting rooms, reception, bar
& restaurant, car-park and 2 vacant retail units). This
Transaction announced today, the equivalent of 99 rooms, will
result in Dalata owning and operating 257 bedrooms in the property
which it intends to re-brand as a Clayton Hotel in the final
quarter of 2017.
The consideration is payable in cash.
Dermot Crowley, Deputy CEO Business Development and Finance,
said: "We are delighted to acquire these additional bedrooms so
quickly after the purchase of the core hotel and are very excited
about the potential of the hotel under the Clayton brand."
ENDS
Contacts
Dalata Hotel Investor Relations Joint Company
Group PLC & Public Relations Brokers Berenberg
Dermot Crowley, FTI Consulting Davy Ben Wright
Deputy CEO Business Melanie Farrell Anthony Farrell T: +44 20 3753 3069
Development and T: +353 86 401 T: +353 679 E:
Finance 5250 7788 ben.wright@berenberg.com
T: +353 1 206 E: E:
9400 melanie.farrell@fticonsult anthony.farrell@davy.ie
E: ing.com
dcrowley@dalatahotelgroup.
com
About Dalata
Dalata Hotel Group plc is Ireland's largest hotel operator, with
a current portfolio of 38 hotels with over 7,500 rooms. Dalata
successfully operates Ireland's two largest hotel brands, Clayton
Hotels and Maldron Hotels across Ireland and the UK, as well as
managing a small portfolio of partner properties. 26 of the hotels
are owned by Dalata, nine hotels are operated under lease
agreements and three are operated under management agreements.
For the half year 2017, Dalata reported revenue of EUR161.8
million (full year 2016: EUR290.6 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
This information is provided by RNS
The company news service from the London Stock Exchange
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