Dalata Hotel Group (CDI) (DAL)

Sector:

Tourism and Leisure Services

398.00p
   
  • Change Today:
      18.00p
  • 52 Week High: 430.00
  • 52 Week Low: 334.00
  • Currency: UK Pounds
  • Shares Issued: 223.45m
  • Volume: 5,030
  • Market Cap: £889.35m

Dalata acquires North London hotel

By Iain Gilbert

Date: Thursday 16 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Irish hotel operator Dalata has acquired a 192-bedroom hotel in North London.
Dalata revealed on Thursday that it had purchased the newly finished hotel, which has never traded, at 240 Seven Sisters Road in Finsbury Park as part of its £44.3m acquisition of Tide Developments.

The AIM-listed group will pour a further £2.0m into the property to enhance and launch it under the Maldron brand.

Dalata highlighted that the hotel, which has an expected stabilised annual earnings of £4.0m, will be its first Maldron hotel in London, its 18th hotel in the UK and will create over 50 jobs locally.

Chief executive Dermot Crowley said: "London is a key strategic growth market for Dalata. We are very excited to be opening our first Maldron hotel in the city in advance of our Maldron in Shoreditch which is currently under construction.

"This acquisition represents an outstanding opportunity to operate a new, sustainably built, hotel in a vibrant and developing area as we continue our ambitious UK expansion plan. The strength of our balance sheet has been a crucial element in enabling us to make this investment as we continue to create value for all of our stakeholders."

As of 1055 GMT, Dalata shares were up 3.77% at 365.0p.





Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

DAL Market Data

Currency UK Pounds
Share Price 398.00p
Change Today 18.00p
% Change 4.74 %
52 Week High 430.00
52 Week Low 334.00
Volume 5,030
Shares Issued 223.45m
Market Cap £889.35m

DAL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.31% above the market average90.31% above the market average90.31% above the market average90.31% above the market average90.31% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
16.54% above the market average16.54% above the market average16.54% above the market average16.54% above the market average16.54% above the market average
57.89% above the sector average57.89% above the sector average57.89% above the sector average57.89% above the sector average57.89% above the sector average
Income
22.92% above the market average22.92% above the market average22.92% above the market average22.92% above the market average22.92% above the market average
89.47% above the sector average89.47% above the sector average89.47% above the sector average89.47% above the sector average89.47% above the sector average
Growth
63.73% above the market average63.73% above the market average63.73% above the market average63.73% above the market average63.73% above the market average
11.54% above the sector average11.54% above the sector average11.54% above the sector average11.54% above the sector average11.54% above the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

DAL Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-24 14-Sep-23
Paid 01-May-24 06-Oct-23
Amount 8.00¢ 4.00¢

Trades for 01-Mar-2024

Time Volume / Share Price
16:09 250 @ 423.46p
14:38 500 @ 378.00p
13:13 1,979 @ 384.00p
12:19 480 @ 384.10p
12:03 21 @ 384.00p

DAL Key Personnel

CEO Dermot Crowley

Top of Page