Acquisition Update

RNS Number : 6080R

Dalata Hotel Group PLC

10 March 2016

 

Dalata Hotel Group plc

("Dalata" or the "Company" or the "Group")

 ACQUISITION UPDATE

Ticker: DHG

Dublin, 10^th March 2016 | Dalata is pleased to announce that it has received approval from the Competition and Consumer Protection Commission to acquire the leasehold interest of four hotels, the Gibson Hotel Dublin, the Croydon Park Hotel in Croydon, the Clarion Hotel Cork and the Clarion Hotel Limerick.  As part of the transaction, the Group will also take over the management of the Clarion Liffey Valley Hotel, Dublin under a short term management contract.  This acquisition is expected to close promptly.

-ENDS-

Enquiries:

Dalata Hotel Group plc

Dermot Crowley, Deputy CEO Business Development and Finance

Tel: [phone]

Davy

Anthony Farrell

Tel: [phone].

PR

FTI Consulting

Melanie Farrell, Director, Strategic Communications

[phone] direct

[phone] mobile

 

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