Dalata Hotel Group has completed the sale of its Clayton Whites Hotel Wexford to Neville Hotels for €21m.
Ireland’s largest hotels group has a portfolio of 55 owned and leased hotels with 11,990 rooms across its Clayton and Maldron brands, and a pipeline for a further 870 rooms.
Dalata reported revenue of €302m, basic earnings per share of 16 cent and free cashflow per share of 21.5 cent in the first half of the 2024.
The group last month described H2 trading as “robust” and projected annual growth of 4% and EBITDA of more than €232m for the full financial year.
Revenue per available room (RevPAR) is expected to be c. 3.5% ahead of 2023 for November/December, with strong performances in Dublin and the UK. For the full year, group RevPAR is on track to be 1% ahead of 2023.
The Dublin and London-listed company has €1.7bn in hotels assets, primarily in Ireland and the UK and …