REG-Dalata Hotel Group PLC Dalata Hotel Group PLC: AGM-AGM Statement

Dalata HotelAnnouncement

Yesterday 07:02

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   Dalata Hotel Group PLC (DAL,DHG)
   Dalata Hotel Group PLC: AGM-AGM Statement

   30-Apr-2025 / 07:00 GMT/BST

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                               2025 AGM Statement

                                        

                          Continued growth and success

                                        

                              ISE: DHG   LSE: DAL

                                        

   Dublin and London | 30 April 2025: Dalata Hotel Group plc (‘Dalata’ or the
   ‘Group’),  the  UK  and  Ireland’s  largest  independent  four-star  hotel
   operator, with a growing  presence in Continental  Europe, is holding  its
   Annual General Meeting  (“AGM”) today  at 11:30  am BST  at Clayton  Hotel
   Ballsbridge, Merrion Road, Ballsbridge, Dublin, D04 P3C3. Shareholders are
   welcome to attend the meeting in person.

    

   At the  AGM, John  Hennessy,  Chair of  Dalata,  will make  the  following
   statement:

    

   “As I reflect on  this past year,  I would like to  recognise a number  of
   milestones achieved during  the year  which highlight  the commitment  and
   dedication of our teams within our hotels and at central office. The Group
   has delivered a strong operating performance with revenue growing to  €652
   million  and  we  have  limited  the  impact  of  cost  inflation  through
   successful innovation  and  efficiency  projects  rolled  out  across  our
   portfolio. We repositioned our brands to provide a clearer proposition for
   our customers,  and  our strong  employee  engagement scores  continue  to
   demonstrate a highly engaged and motivated workforce. We also successfully
   refinanced our  existing  debt facilities  which  were due  to  expire  in
   October this year.

    

   We have made great  progress in expanding the  Group’s presence in the  UK
   with the  opening  of  four  new Maldron  hotels  in  London,  Manchester,
   Liverpool and Brighton and by securing two agreements for lease, in London
   (Clayton Hotel Old  Broad Street)  and Edinburgh  (Clayton Hotel  Morrison
   Street), both expected to open in  2028. Today, we have also announced  we
   have secured an agreement for lease  for a new hotel 4-star Clayton  hotel
   to be developed in Madrid in line with our strategy of targeting locations
   in Gateway cities in Europe. The acquisition of Radisson Blu Hotel  Dublin
   Airport remains subject to a detailed review  by the CCPC1 and we await  a
   final decision upon the conclusion of  their review. Our pipeline of  over
   1,800 rooms also  includes Maldron  Hotel Croke Park,  Dublin and  Clayton
   Hotel St Andrew Square,  Edinburgh which we expect  to open next year  and
   the Group is in advanced detailed discussions on further opportunities  in
   Berlin and London.

    

   In our preliminary  results we  guided that  we expected  ‘like for  like’
   Group RevPAR and  Dublin RevPAR to  be 2.5% and  5% respectively ahead  of
   last year for  Q1. Trading  in March (the  most significant  month of  Q1)
   turned out  to be  lower  than projected  due to  a  slower pick  up  than
   anticipated in transient  leisure business.  RevPAR on a  ‘like for  like’
   basis for the four-month period January to April will be in line with  the
   equivalent period in 2024 for the Group and ahead by circa 3% for Dublin.

   The event calendar for Dublin in May and June was exceptionally strong  in
   2024 and we expect RevPAR  in those months in 2025  to be lower than  last
   year. We  continue to  monitor any  potential impact  of global  political
   events on Ireland but given what we know today, we remain confident in our
   outlook for  the  economy  and  the hospitality  industry  within  it.  We
   recognise the uncertainty  around tariffs  but note  the economy  is in  a
   healthy  position  with  a  significant  Government  surplus  and   strong
   employment growth.  We welcome  the  suspension of  the passenger  cap  at
   Dublin Airport allowing additional capacity to meet the strong demand from
   airlines. We also welcome the  introduction of The Short-Term Letting  and
   Tourism  Bill  which  will  help  regulate  more  effectively   short-term
   lettings.

   YTD RevPAR for  the Group’s UK  portfolio is 2.5%  behind the same  period
   last year  on  a ‘like  for  like’ basis.  Our  properties in  London  and
   Regional UK have been impacted by a reduction in transient leisure demand.
   As of today, the outlook for London looks stronger as we enter the  summer
   months. We have a very modern well invested and well-located portfolio  of
   hotels in the  UK and  are confident of  our ability  to perform  strongly
   within the UK market as we continue to grow our presence there.

   On March  6th, we  announced that  the Board  is undertaking  a  Strategic
   Review to explore the available options to optimise capital  opportunities
   to deliver  on our  2030 Vision  and to  enhance value  for  shareholders,
   including but not limited to a potential sale of the Group. The  Strategic
   Review is ongoing and we will update shareholders in due course. The  team
   continue to focus on  the business during this  period and there are  many
   exciting initiatives  currently underway  such  as the  rollout of  a  new
   Revenue Management System, a  new Customer Experience  Platform and a  new
   CRM”.

    

    

   AGM details

   The results of the resolutions relating to the AGM will be published later
   today. Further  information  relating  to  the AGM  is  published  on  the
   Company’s                            website                            at
    1 https://dalatahotelgroup.com/investor-relations/shareholder-centre/

                                        

                                     -ENDS-

                                        

   About Dalata

   Dalata Hotel  Group  plc  is  the UK  and  Ireland's  largest  independent
   four-star hotel operator, with a  growing presence in Continental  Europe.
   Established in 2007,  Dalata is backed  by €1.7bn in  hotel assets with  a
   portfolio of 55  hotels, primarily comprising  a mix of  owned and  leased
   hotels operating through its two main brands, Clayton and Maldron  hotels.
   Dalata is ambitious to grow its portfolio of 11,990 rooms and pipeline  of
   1,867 rooms further in excellent locations in select, large cities and  is
   targeting 21,000 rooms, either operational or in development, by 2030. For
   the year  ended  31  December  2024, Dalata  reported  revenue  of  €652.2
   million, basic earnings per share of 35.5 cent and Free Cashflow per Share
   of 55.8 cent. Dalata is listed on the Main Market of Euronext Dublin (DHG)
   and the  London  Stock  Exchange (DAL).  For  further  information  visit:
    2 www.dalatahotelgroup.com

    

   Contacts

    Dalata Hotel Group plc             investorrelations@dalatahotelgroup.com
    Dermot Crowley, CEO                Tel +353 1 206 9400
   Carol Phelan, CFO
   Sean McKeon, Company Secretary and Head of Risk & Compliance
   Niamh Carr, Head of Investor Relations and Strategic Forecasting
    
   Joint Group Brokers                  
   Davy: Anthony Farrell               Tel +353 1 679 6363
   Berenberg: Ben Wright / Clayton     Tel +44 203 753 3069
   Bush
                                        
   Investor Relations and PR | FTI     Tel +353 87 737 9089
   Consulting
   Sam Moore / Rugile Nenortaite        3 dalata@fticonsulting.com

    

   Note on forward-looking information

   This Announcement contains forward-looking  statements, which are  subject
   to risks and uncertainties because  they relate to expectations,  beliefs,
   projections, future plans  and strategies, anticipated  events or  trends,
   and similar expressions concerning matters that are not historical  facts.
   Such  forward-looking  statements   involve  known   and  unknown   risks,
   uncertainties and  other  factors, which  may  cause the  actual  results,
   performance or  achievements of  the Group  or the  industry in  which  it
   operates, to be materially different from any future results,  performance
   or achievements expressed or  implied by such forward-looking  statements.
   The forward-looking statements referred to in this paragraph speak only as
   at the  date  of this  Announcement.  The  Group will  not  undertake  any
   obligation  to  release  publicly  any   revision  or  updates  to   these
   forward-looking  statements  to  reflect  future  events,   circumstances,
   unanticipated events, new information or  otherwise except as required  by
   law or by any appropriate regulatory authority.

    

   Publication on Website

   A copy of this  announcement will be available  on the Group's website  at
    4 https://dalatahotelgroup.com/investor-relations by no later

   than  12.00  (noon)  (Irish/UK  time)   on  the  business  day   following
   publication of this announcement. The content of the website

   referred to in this  announcement is not incorporated  into, and does  not
   form part of, this announcement.

    

   1 Competition and Consumer Protection Commission (Ireland)

   2 ‘Like for  like’ RevPAR excludes  hotels added to  the portfolio  during
   2024 (being  Maldron Hotel  Manchester  Cathedral Quarter,  Maldron  Hotel
   Liverpool, Maldron Hotel  Brighton and Maldron  Hotel Shoreditch,  London)
   and hotels which ceased trading under Dalata ownership during the  current
   or comparative period  (Maldron Hotel  Wexford and  Clayton Whites  Hotel,
   Wexford)

    

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           IE00BJMZDW83, IE00BJMZDW83
   Category Code:  AGM
   TIDM:           DAL,DHG
   LEI Code:       635400L2CWET7ONOBJ04
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   385421
   EQS News ID:    2127116


    
   End of Announcement EQS News Service

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References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=9873265c591e3b5d3b67b6f85d74e6b1&application_id=2127116&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news
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   3. mailto:dalata@fticonsulting.com
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=be24e8d54b4304532c75ad04b9abf8cc&application_id=2127116&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news


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