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Dalata Beats First Quarter Expectations

Published on Apr 28 2015 3:34 PM in Hotel tagged: Dalata / Moran Bewley's / Pat McCann

Dalata Beats First Quarter Expectations

Dalata, Ireland's biggest hotel group, said today that its first quarter earnings were ahead of projections, due to good trading in its key markets.

The company, according to reports, has traded very well in these markets, following on from the acquisition of the nine Moran Bewley's €455 million, which was finalised earlier this year.

Chairman John Hennessy, speaking at the company's AGM today (Tuesday), said: "The markets in which we operate were strong in the first quarter of 2015 and the outlook for those markets remains positive. We are very satisfied with progress on integrating our acquired hotels into the group."

Meanwhile, the group also announced its interest to play a part in any deal for the former Jurys and Berkeley Court hotels in Ballsbridge (pictured), Dublin, according to the Irish Independent.

The site is on offer for around €120-€150 million, and chief executive Pat McCann said that, although it is unlikely to buy, it would interested in being involve in its development.

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