Dalata Hotel Group plc is Ireland’s largest hotel operator, with a current portfolio of 39 three and four star hotels with over 7,900 rooms. Dalata successfully operate Ireland’s two largest hotel brands, the Clayton and the Maldron Hotels across Ireland and the UK, as well as managing a portfolio of partner hotels. 28 of the hotels are owned by Dalata, 9 hotels are operated under lease agreements and 2 are operated under management agreements.
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 June 2016, the entire issued ordinary shares in the capital of Dalata were admitted to the primary listing segment of the Official List of the Irish Stock Exchange and the Official List of the Financial Conduct Authority of the UK by way of a standard listing, and to trading on the Irish Stock Exchange’s and the London Stock Exchange’s respective main markets for listed securities.
In keeping with the stated strategy, Dalata has acquired 28 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 signified completion of the first phase of the planned roll out whereby at the end of 2015, Clayton Hotels brand had a total of 13 hotels. At the end of 2017, there were a total of 19 Clayton Hotels.