Dalata Hotel Group

New London hotel evidences growth opportunity

  • Feb 16 2023, 08:40 GMT
  • Paul Ruddy
  • Company Report
  • 5 page(s)
  • Sectors : Hotels
  • Companies : Dalata Hotel Group

Ratings and price correct at time of issue.

  • Dalata Hotel Group

    Closing Price: 411c

  • RATING 09/09/14

  • PREVIOUS RATING 03/09/14



Dalata has this morning announced that it has acquired a 192-bed hotel in Finsbury Park in North London for £44.3m at a very attractive price per key. It expects this to contribute c.£4m of stabilised EBITDA. The hotel is well located and will provide a good mix of leisure and commercial customers. Although it represents only a small number of rooms in the context of the group, we believe this again highlights Dalata’s exceptionally strong balance sheet which will facilitate further growth.

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Feb 16 2023, 08:40 GMT