Irish Hotel group Dalata adds to portfolio

The country’s largest hotel group Dalata completed a transformational year with the announcement that it has added the Holiday Inn in Belfast to its portfolio of hotels for €25.7m.

The announcement accompanies the group’s first set of full-year results since its €256m flotation last March which showed revenues climbing more than 30%, capping a huge year for the group.

Earnings climbed 14.2% with Ebitda coming in at €6.1m, or excluding acquisition costs which hampered earnings growth, €8.23m – an increase of 54%.