Dalata Hotel Group plc Announce New City Centre Belfast Hotel
Dalata to add 206 rooms to Belfast Portfolio
Dalata Hotel Group plc ('Dalata' or 'the Company'), Ireland's largest hotel operator, today announces it has signed a development contract with McAleer & Rushe, to deliver a 206 room Maldron Hotel on Brunswick Street in central Belfast.
Dublin -- Dalata Hotel Group plc ('Dalata' or 'the Company'), Ireland's largest hotel operator, today announces it has signed a development contract with McAleer & Rushe, to deliver a 206 room Maldron Hotel on Brunswick Street in central Belfast.
Planning permission for a new 14 storey hotel, designed by Belfast architect Consarc, was granted in November 2015. The hotel will be built on the site of the former Belfast Metropolitan College and represents a £21m investment, delivering in excess of 100 new employee positions for the local economy when the hotel is operational.
Demolition of the site has already begun and construction is due to commence in June 2016. The hotel is expected to be completed in the first half of 2018.
Dermot Crowley, Deputy CEO Business Development and Finance, commented:
"We are delighted to announce the development of a new Maldron Hotel in central Belfast, providing an extra 206 rooms in the city. RevPAR growth was strong in 2015 in our existing Northern Ireland hotels and we have been keen to expand our portfolio in Belfast. This new hotel continues the rapid expansion of the Maldron brand on the island of Ireland and we look forward to working with McAleer & Rushe on the development."
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 870 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.