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Dalata Hotel GP M&A Activity 2023
1962_rns_2023-09-21_a3d04ac4-e7ef-46a7-af2a-8fa5549b905b.html
M&A Activity
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Dalata Hotel Group PLC (DAL,DHG)
Dalata Hotel Group PLC: Acquisition of Amsterdam Hotel
21-Sep-2023 / 07:00 GMT/BST
Dalata agrees to acquire leasehold interest in Hard Rock Hotel Amsterdam American
Acquisition will be Group’s first Hotel in Amsterdam and second in Continental Europe
ISE: DHG LSE: DAL
Dublin and London 21 September 2023 | Dalata Hotel Group plc (“Dalata” or “the Group”), announces that it has agreed contracts with Zien Group, to acquire the entire issued share capital of American Hotel Exploitatie BV (“the company”), which holds the operational lease of the Hard Rock Hotel Amsterdam American.
In cooperation with Zien Group and Hard Rock Hotels, Dalata has commenced arrangements for the transfer of the company into the Group and briefings have already commenced with the hotel’s employees. Contracts are expected to exchange and complete in early October and Dalata will immediately commence operating the hotel as the Clayton Hotel Amsterdam American.
The 4-star hotel is centrally located in Amsterdam on the corner of Leidsekade Canal and Leisesplein Square, Amsterdam’s central district of culture and entertainment. The hotel consists of 173 bedrooms, a ground floor lobby, a Café and a Bar. Famous for its Café and Bar Americain, the hotel is well connected, with the nearest public transport station a 2-minute walk.
The hotel will be Dalata’s first hotel in the Netherlands and the second hotel in continental Europe, and the acquisition is in line with the Group’s ambition to establish a presence in large commercially attractive European cities.
ENDS
About Dalata
Dalata Hotel Group plc was founded in August 2007 and listed as a plc in March 2014. Dalata is Ireland’s largest hotel operator, with a growing presence in the UK and continental Europe. The Group’s portfolio comprises 52 three and four-star hotels with 11,239 rooms and a pipeline of over 1,100 rooms. The Group currently has 31 owned hotels, 18 leased hotels and three management contracts. Dalata successfully operates Ireland’s two largest hotel brands, the Clayton and the Maldron Hotels. For the period ended 30 June 2023, Dalata reported revenue of €284.8 million and a profit after tax of €42.0 million. Dalata is listed on the Main Market of Euronext Dublin (DHG) and the London Stock Exchange (DAL). For further information visit: www.dalatahotelgroup.com
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Contacts
| Dalata Hotel Group plc | Tel +353 1 206 9400 |
| Dermot Crowley, CEO | [email protected] |
| Shane Casserly, Corporate Development Director Carol Phelan, CFO |
|
| Graham White, Head of Investor Relations | |
| Joint Company Brokers | |
| Davy: Anthony Farrell | Tel +353 1 679 6363 |
| Berenberg: Ben Wright | Tel +44 20 3753 3069 |
| Investor Relations and PR | FTI Consulting | Tel +353 86 617 2702 / 83 833 1644 |
| Declan Kearney / Aline Oliveira | [email protected] |
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
| ISIN: | IE00BJMZDW83, IE00BJMZDW83 |
| Category Code: | ACQ |
| TIDM: | DAL,DHG |
| LEI Code: | 635400L2CWET7ONOBJ04 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 272834 |
| EQS News ID: | 1730883 |
| End of Announcement | EQS News Service |