Dalata reports challenging UK market in final results as a public company

Scandinavian consortium Pandox is acquiring the hotel group for €1.4bn

Dermot Crowley, CEO of Dalata said the company now has more hotels outside Ireland than within.

Dalata hotel group reported a 45% drop in after-tax profits to €19.6m in its final financial results report as a public company.

The board of the Irish hotel group has recommended the acceptance of a €1.4bn acquisition by a Scandinavian consortium, with shareholders meeting on September 11 to approve the offer.