Dalata Hotel Group PLC / IE00BJMZDW83
19.06.2025 - 17:00:15Dalata Hotel Group PLC: Acquisition Update
| Dalata Hotel Group PLC (DAL,DHG) 19-Jun-2025 / 16:00 GMT/BST Acquisition Update ISE: DHG LSE: DAL Dublin and London | 19 June 2025: Dalata Hotel Group plc (‘Dalata’ or the ‘Group’), announces that it has received approval from the Competition and Consumer Protection Commission (“CCPC”) to acquire the Radisson Blu Hotel Dublin Airport. All conditions are now satisfied, and the transaction is expected to complete before the end of June. The Group announced in November 2024 that it agreed to acquire CG Hotels Dublin Airport Limited, which holds the long leasehold interest in the Radisson Blu Hotel Dublin Airport, for a consideration of €83 million. The Group is contractually committed to operating the Maldron Hotel Dublin Airport, under licence, into 2026, and will engage with the owner, daa, to ensure an orderly handover of operations during the period. Dermot Crowley, CEO of Dalata Hotel Group commented: “We are pleased the regulatory approval process is now complete, and I am very excited about the future of the hotel within Dalata Hotel Group. I look forward to meeting the team at the hotel in the coming weeks and welcoming them into Dalata”. 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: www.dalatahotelgroup.com Contacts
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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.: | 393323 |
| EQS News ID: | 2157846 |
| End of Announcement | EQS News Service |
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