Dalata Hotel Group (DHG.I, DHG ID)
Dalata Hotel Group is Ireland's leading hotel operator with a proven management team that has considerable industry and public market experience. The group operates a network of 40 owned and leased hotels in Ireland and the UK, with over 75% of its EBITDA coming from Ireland. With Dalata's Irish hotel portfolio largely complete, its next phase of expansion is now focused on the UK (target: 8,000 new rooms, largely asset-light, across 20 key cities in regional UK). Within Ireland, we believe Dalata will continue to deliver positive RevPAR growth that outperforms the market.