Company says strategic review to find additional capital includes potential sale
Dalata Hotel Group, Ireland’s biggest hotel operator, said it has hired investment bank Rothschild to help with a strategic review of the business, which may include a formal sale – a little over a decade after the company floated on the Dublin stock exchange.
It also operates 22 leased hotels, the majority of which are on long term institutional lease agreements with a weighted average lease length of 29 years, it said. Dalata also operates three managed hotels. “We are unanimous in the view that the key to achieving that vision is the availability of capital; and that the share price does not reflect the underlying value of the company,” said chairman John Hennessy.
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