Dalata Hotel Group PLC Acquisition Update (1896O)
03 November 2016 - 4:40AM
UK Regulatory
TIDMDAL
RNS Number : 1896O
Dalata Hotel Group PLC
02 November 2016
Dalata Hotel Group plc
("Dalata" or the "Company" or the "Group")
ACQUISITION UPDATE
Dublin, 2 November 2016 | Dalata is pleased to announce that it
has received clearance from the Competition and Consumer Protection
Commission to acquire the entire issued share capital of DT Sussex
Road Operations Limited which holds the operating interest of the
Double Tree by Hilton Hotel, formerly "The Burlington Hotel" in
Dublin 4. This acquisition is expected to close over the coming
weeks.
-ENDS-
This announcement contains inside information regarding Dalata
Hotel Group plc pursuant to the Market Abuse Regulation.
Contacts
Dalata Hotel Group Investor Relations Sponsor and Broker
plc & Public Relations Davy
Dermot Crowley, FTI Consulting Anthony Farrell
Deputy CEO Business Jonathan Neilan/Patrick T: +353 679 6363
Development and Berkery E: anthony.farrell@davy.ie
Finance T: +353 86 2314135
T: +353 1 206 / +353 86 6025988
9400 E: dalata@fticonsulting.com
E: dcrowley@dalatahotelgroup.com
About Dalata
Dalata Hotel Group plc is Ireland's largest hotel operator, with
a current portfolio of 40 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. 24 of
the hotels are owned by Dalata, 9 hotels are operated under lease
agreements and 7 are operated under management agreements.
For the full year 2015 Dalata reported revenue of EUR225.7
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
http://dalatahotelgroup.com/about-us/management-team/
This information is provided by RNS
The company news service from the London Stock Exchange
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