REG - Dalata Hotel Group - Dalata Sells Leasehold Interest <Origin Href="QuoteRef">DHG.I</Origin>

Dalata HotelAnnouncement

03/07/2017 07:07

RNS Number : 8759J
Dalata Hotel Group PLC
03 July 2017
Dalata Sells Leasehold Interest in Croydon Park Hotel
ISE: DHG LSE: DAL
Dublin, 3rd July 2017 | Dalata Hotel Group plc ("Dalata" or "the Company") announces it has sold Kasterlee UK Limited, the company which holds the leasehold interest in the Croydon Park Hotel ("The Hotel"). The Hotel made a small loss of 20,000 in the six months to end of June 2017.
Dermot Crowley, Deputy CEO Business Development and Finance, said: "I would like to thank the management and staff of the Croydon Park Hotel for the commitment and dedication showed while the hotel was part of Dalata Hotel Group".
ENDS
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 
Melanie Farrell
T: +353 86 401 5250
E: melanie.farrell@fticonsulting.com
Joint Company Brokers
Davy 
Anthony Farrell
T: +353 679 7788
E: anthony.farrell@davy.ie
Berenberg
Ben Wright
T: +44 20 3753 3069
E: ben.wright@berenberg.com


About Dalata
Dalata Hotel Group plc is Ireland's largest hotel operator, with a current portfolio of 37 three and four star hotels with over 7,500 rooms. Dalata successfully operate Ireland's two largest hotel brands, the Clayton and the Maldron Hotels across Ireland and the UK, as well as managing a portfolio of partner hotels. 21 of the hotels are owned by Dalata, 12 hotels are operated under lease agreements and 4 are operated under management agreements.
For the full year 2016 Dalata reported revenue of 290.5 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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