Clayton Hotels owner could burn through €12m per month in worst case scenario - analyst

The owner of the Clayton and Maldron hotel chains, the Dalata Hotel Group, could burn through €12m of cash per month in the second half of the year if the Covid-19 disruption lingers and the business fails to generate any revenue, Goodbody has claimed.

However, it sees this as being an unlikely worst-case scenario - with the majority of hotels being able to reopen on July 20 - but a manageable one, given Dalata’s ample cash resources.