Dalata Hotel Group plc announces completion of the sale of Maldron Hotel Wexford

Dalata Hotel Group announces completion of the sale of Maldron Hotel Wexford

ISE: DHG                 LSE: DAL

Dublin and London | 8 November 2024: Dalata Hotel Group plc (‘Dalata’ or the ‘Group’), the largest hotel operator in Ireland, with a growing presence in the United Kingdom and Continental Europe, announces it has completed the sale of Maldron Hotel Wexford to The Neville Park Hotel Group (the ‘Transaction’).

As previously announced, the net proceeds from the Transaction are being returned to shareholders through a share buyback programme previously announced on 15th October 2024. Dalata remains committed to the Irish market and its portfolio where it is the leading hotel operator through its Clayton and Maldron brands.

ENDS

About Dalata

Dalata Hotel Group plc is a leading hotel operator backed by €1.7bn in hotel assets primarily in Ireland and the UK. Established in 2007, Dalata has become Ireland’s largest hotel operator with an ambitious growth strategy to expand its portfolio further in excellent locations in select, large cities in the UK and Continental Europe. The Group’s portfolio comprises a mix of owned and leased hotels with 56 primarily four-star hotels operating through its two main brands, Clayton and Maldron Hotels, with 12,150 rooms and a pipeline of over 700 rooms. For the six-month period ended 30 June 2024, Dalata reported revenue of €302 million, basic earnings per share of 16.0 cent and Free Cashflow per Share of 21.5 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