REG - Dalata Hotel Group - Acquisition Update <Origin Href="QuoteRef">DHG.I</Origin>

Dalata HotelAnnouncement

22/11/2016 16:20

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: +353 1 206 9400
E: dcrowley@dalatahotelgroup.com
 
Investor Relations & Public Relations 
FTI Consulting 
Jonathan Neilan/Patrick Berkery
T: +353 86 2314135 / +353 86 6025988
E: dalata@fticonsulting.com
Sponsor and Broker
Davy 
Anthony Farrell
T: +353 679 6363
E: anthony.farrell@davy.ie
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

This information is provided by RNS
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