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Dalata Hotel Group has reported a 9.3% increase in revenues to €429.2m (£359.6m).
In the year ending 31 December, the group reported a 12.8% EBITDA to €134.8m (£112.5m), with a 2.7% rise in pre-tax profit to €89.7m (£75.2m).
Dalata also reported a “very strong Revpar” performance in the UK as revenues increased by €36.6m (£30.6m) to €429.2m (£411m) driven by new additions its portfolio, which include 1,692 rooms being added in the last two years in Dublin, Cork, Galway, Belfast, Newcastle, Cambridge and London.
During this period, Dalata completed the acquisition of Clayton Hotel City of London in January as well as secured a new Shoreditch site in August, and said the hotel has traded “strongly” in its first year of operation.
Pat McCann, Dalata Group CEO, said: “Our success in securing these two projects has been a catalyst for us in being considered as an operator for other projects in London. In November, we entered into a lease to take over the operation of The Tamburlaine Hotel in Cambridge, to be rebranded shortly to Clayton Hotel Cambridge.
“This hotel, which opened in 2017, is superbly located and a fantastic fit for our Clayton brand. We also announced that we have signed three new agreements for lease for The Samuel in Dublin, Maldron Hotel Liverpool and our most recent announcement, Maldron Hotel Croke Park in Dublin.”
She added: “The Irish hospitality market experienced tougher market conditions in 2019, primarily due to the impact of the 4.5% VAT increase and the additional supply of approximately 1,500 bedroomsin Dublin. Our Irish hotels were not immune to these events but we did outperform the market in most cities.”
