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Dalata announces further expansion in the UK

Dalata, the country’s biggest hotel chain has declared an interim dividend of 3.0 cent per share and announced further expansion in the UK, with an agreement to lease a new 276 room Maldron Hotel to be built in central Manchester.

Last week Dalata confirmed a deal to buy the 212 room Clayton Hotel at Aldgate in London that is scheduled to open in December.

Half year financial results today show revenue growth of 10.6pc to €180.6m in the first six months of 2018.

Revenue per available room (RevPAR) was up 7.1pc to €89.39.

Profit before tax rose 8.3pc to €35.4m.

 

independent.ie

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