Dalata is the largest hotel operator in Ireland, currently operating 40 three and four star hotels with over 8,000 rooms. 24 of the hotels are owned by Dalata, 10 hotels are operated under lease agreements and 7 are operated under management agreements. We successfully operate the Maldron and Clayton Hotel brands throughout Ireland & the UK, as well as managing a portfolio of Partner Hotels. Dalata was founded in June 2007 by Pat McCann with investment from TVC Holdings plc and clients of Davy Property Holdings. In 2007 Dalata acquired a group of companies from Choice Hotels Ireland and in 2008 Dalata rebranded its leased hotels under its own Maldron Hotels brand. Since 2007, Dalata has built a centralised management team with expertise across all areas of the hotel business.
In March 2014 Dalata raised €265 million through the issue of existing ordinary shares and listed on AIM and ESM. Dalata's strategy at the initial admission was to leverage the Group's core asset management, hotel operation and development capabilities to grow its business through a mixture of owned, leased and managed hotel assets.
In keeping with the stated strategy, Dalata has acquired 21 hotels since June 2014. These hotels are located in both in Ireland and the UK. The largest acquisition by the Group was the Moran Bewley's Hotel Group for an enterprise value of €453,000,000, representing 9 of the Group's owned portfolio.
Since May 2015 the Group has re-branded ten of the hotels in it's owned portfolio as Clayton Hotels. This signifies completion of the first phase of the planned roll out. By the end of 2015, there will be 13 hotels in the Clayton portfolio.
The Dalata Board have extensive knowledge of the hospitality sector along with demonstrated experience in financial management and strategic planning. Their combined experience allows the Board to effectively and efficiently lead the company.
Dalata has an exceptionally strong management team with the skills and experience to effectively manage our current business along with the resources and capabilities to grow our portfolio.
The Group owns 17 hotels across a number of prime locations both in Ireland and the UK. Our hotels are located in a wide range of cities including Dublin, London, Derry, Galway, Leeds and Manchester. We look to own hotels which are located in major cities and towns and will acquire hotels where we feel there is a significant potential for capital appreciation.
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