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.