Dalata Hotel Group
Dalata is the largest hotel operator in Ireland, currently operating 40 hotels with over 6,700 rooms. 17 of the hotels are owned by Dalata, 11 hotels are operated under lease agreements and 12 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 2009 Dalata Management Services (“DMS”) was set up in order to provide hotel operational and management expertise to receivers and banks. DMS provides a complete hotel management solution focusing on the implementation of the operational and physical asset changes and the introduction of the appropriate systems and controls to maximise the return on the hotel. Hotels operated by DMS typically continue to trade under their own brand names as partner hotels within the Group.
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 17 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.