Dalata Hotel Group raises €94m to fund London expansion

Dalata Hotel Group CEO Pat McCann

The owner of the Clayton and Maldron hotel chains has raised over €94m to help fund further expansion in London and other parts of the UK over the next 18 months.

The Dalata Hotel Group has raised the funds through the sale of 37 million new shares to new and existing investors. The money will also go towards further strengthening its balance sheet.