REG-Dalata Hotel Group PLC Dalata Hotel Group PLC: Acquisition of Amsterdam Hotel

Dalata HotelAnnouncement

21/09/2023 07:15

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   Dalata Hotel Group PLC (DAL,DHG)
   Dalata Hotel Group PLC: Acquisition of Amsterdam Hotel

   21-Sep-2023 / 07:00 GMT/BST

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    Dalata agrees to acquire leasehold interest in Hard Rock Hotel Amsterdam
                                    American

       Acquisition will be Group’s first Hotel in Amsterdam and second in
                               Continental Europe

                                        

                         ISE: DHG              LSE: DAL

   Dublin and London 21 September 2023 | Dalata Hotel Group plc (“Dalata”  or
   “the Group”), announces that it has  agreed contracts with Zien Group,  to
   acquire the entire issued share  capital of American Hotel Exploitatie  BV
   (“the company”), which holds the operational lease of the Hard Rock  Hotel
   Amsterdam American. 

   In cooperation with Zien Group and Hard Rock Hotels, Dalata has  commenced
   arrangements for the transfer of the company into the Group and  briefings
   have already commenced with the hotel’s employees. Contracts are  expected
   to exchange  and complete  in early  October and  Dalata will  immediately
   commence operating the hotel as the Clayton Hotel Amsterdam American.

   The 4-star  hotel is  centrally  located in  Amsterdam  on the  corner  of
   Leidsekade Canal and Leisesplein  Square, Amsterdam’s central district  of
   culture and entertainment. The  hotel consists of  173 bedrooms, a  ground
   floor lobby, a Café and a Bar. Famous for its Café and Bar Americain,  the
   hotel is  well connected,  with  the nearest  public transport  station  a
   2-minute walk.

   The hotel will be Dalata’s first  hotel in the Netherlands and the  second
   hotel in  continental Europe,  and the  acquisition is  in line  with  the
   Group’s ambition to establish a presence in large commercially  attractive
   European cities.

                                     ENDS 

   About Dalata

   Dalata Hotel Group plc was founded in  August 2007 and listed as a plc  in
   March 2014. Dalata  is Ireland’s  largest hotel operator,  with a  growing
   presence in the UK and continental Europe. The Group’s portfolio comprises
   52 three and  four-star hotels with  11,239 rooms and  a pipeline of  over
   1,100 rooms. The Group currently has 31 owned hotels, 18 leased hotels and
   three management  contracts. Dalata  successfully operates  Ireland’s  two
   largest hotel brands, the Clayton and  the Maldron Hotels. For the  period
   ended 30 June 2023, Dalata reported revenue of €284.8 million and a profit
   after tax  of  €42.0 million.  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              Tel +353 1 206 9400
   Dermot Crowley, CEO                 investorrelations@dalatahotelgroup.com
   Shane Casserly, Corporate Development Director

   Carol Phelan, CFO
    Graham White, Head of Investor Relations
    
   Joint Company Brokers                
   Davy: Anthony Farrell               Tel +353 1 679 6363
   Berenberg: Ben Wright               Tel +44 20 3753 3069
                                        
   Investor Relations  and  PR  |  FTI Tel +353 86 617 2702 / 83 833 1644
   Consulting
   Declan Kearney / Aline Oliveira     dalata@fticonsulting.com

    

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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:  ACQ
   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.:   272834
   EQS News ID:    1730883


    
   End of Announcement EQS News Service

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