REG-Dalata Hotel Group PLC Dalata Announces First Hotel in Spain and Third in Continental Europe

Dalata HotelAnnouncement

30/04/2025 07:02

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   Dalata Hotel Group PLC (DAL,DHG)
   Dalata Announces First Hotel in Spain and Third in Continental Europe

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

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     Dalata Announces First Hotel in Spain and Third in Continental Europe

              243 Bedroom Clayton Hotel to open in Madrid in 2029

     Hotel located in Valdebebas, an emerging and vibrant neighbourhood of
                                     Madrid

                               ISE: DHG LSE: DAL

   Dublin, 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,  announces  an
   agreement with  Grupo Insur  to lease  a new  4-star Clayton  hotel to  be
   developed in Madrid. The hotel will be situated in Valdebebas, an emerging
   and vibrant  neighbourhood of  Madrid,  which is  adjacent to  the  Adolfo
   Suárez Madrid-Barajas Airport,  the 5th busiest  airport in Europe.  Grupo
   Insur is a leading  Spanish real estate company  in operation for over  75
   years and listed on the Madrid stock exchange.

   Due to open in the first quarter of 2029, the full-service Clayton  Hotel,
   will include 243 bedrooms, a restaurant, bar, meeting and events,  outdoor
   pool and a  gym. The all-electric  building will include  state-of-the-art
   heat pump technology and will be  certified to LEED Gold standard for  its
   energy efficiency and sustainable  design. On completion of  construction,
   Dalata will commence operations of the hotel through a 15-year lease term,
   with two  5-year tenant  extension options.  The rent,  with a  guaranteed
   minimum, includes  a  ramp  up  period  for  the  first  three  years  and
   thereafter will be determined by the revenue performance of the hotel.

   Valdebebas is a  new urban development  area in Madrid,  boasting a  broad
   range of international and domestic  attractions which will drive  tourism
   and visitors to the area. While the  airport will be a key demand  driver,
   Valdebebas also has one of Europe’s largest exhibition and event  centres,
   IFEMA Madrid,  drawing  4  million  visitors annually;  as  well  as  Real
   Madrid’s training centre, Real Madrid City. Additionally, the new  Spanish
   Courts of Justice, and  the new Isabel  Zendal Hospital –  set to open  in
   2025 with the ambition of becoming the leading neurorehabilitation  centre
   in Europe –  are also  located in  the vicinity.  There is  also a  strong
   events pipeline, with a brand-new F1 Spanish Grand Prix starting in  2026,
   being held in  the nearby Barajas  district, which will  be a  significant
   driver of tourism and economic activity in the region.

   The signing of the agreement for lease in a major European City, which has
   become one of the world’s  top tourist destinations, further  demonstrates
   Dalata’s ability  to  increase its  footprint  and is  consistent  with  a
   strategy of targeting locations in Gateway cities in Europe.

   Shane Casserly,  Deputy CEO,  Dalata, said:  "Madrid is  a leading  global
   travel destination  and  is  a  key strategic  location  in  our  European
   expansion strategy. Situated adjacent to the Adolfo Suárez  Madrid-Barajas
   Airport in  the  fast-growing,  vibrant Valdebebas  district,  this  newly
   developed hotel  will be  ideally positioned  to benefit  from the  area's
   strong demand  drivers, tourist  attractions  and rapidly  growing  events
   space. We are very excited to have secured such an attractive  opportunity
   in one of our target  cities in Europe and we  look forward to working  in
   partnership with Grupo Insur one of Spain’s leading real estate companies,
   to successfully deliver this exciting project."

                                     -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:
    1 www.dalatahotelgroup.com

    

   Contacts

    Dalata Hotel Group plc             investorrelations@dalatahotelgroup.com
    Dermot Crowley, CEO                Tel +353 1 206 9400
   Shane Casserly, Deputy CEO
   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        2 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.

    

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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:  MSCM
   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.:   385422
   EQS News ID:    2127120


    
   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=77bedc042ac1a02fa001cdbb278052c6&application_id=2127120&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news
   2. mailto:dalata@fticonsulting.com


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