We’re people-first. After all, our people are the cornerstone of our success. We provide a safe and inclusive environment for our 5,000+ strong team. This means high standards and a space where everyone feels valued and can contribute equally.
Investment in people development and skills is essential. Central to this is our award-winning Dalata Academy, and our extensive graduate programme, delivering bespoke training at all levels across the business. Team members upskill, deepen their expertise and accelerate into senior positions.
Developing our people internally ensures that we embed a robust culture and have a strong pipeline of talent. Growth brings opportunities, and our succession planning is key to maintaining our culture.
Decentralised decision-making empowers and incentivises local managers, supported by experienced central office specialists, to optimise hotel performance. Decentralisation enables an agile response to each property’s unique market and competitive landscape.
In 2023, we delivered strong operating performance with Revenue of €608 million (+18%), Adjusted EBITDA of €223 million (+22%) and Free Cashflow of €133 million (+5%), all outperforming 2022 levels.
We are committed to delivering sustainable shareholder value via an ambitious growth strategy and optimising our existing portfolio. We have identified a structural opportunity to grow our business in the large regional UK cities, as well as opportunities in London and large cities in Europe.
Our current pipeline of 871 rooms includes one hotel each in London, Edinburgh and Dublin and three extensions to existing hotels. On completion of the current pipeline, the total number of bedrooms will exceed 12,500 and we remain ambitious for further growth.
Last year, we announced four new opportunities in three of the strongest city hotel markets in Europe – London, Amsterdam and Edinburgh. So far in 2024 we have opened four new hotels across key UK markets in London, Manchester, Liverpool and Brighton.
Our portfolio of 56 hotels (31 owned, 22 leased and 3 managed) consists of primarily four-star hotels situated in attractive city-centre locations, and we maximise return on investment through our expertise as both hotel operators and asset managers.
Our owned properties, independently valued at €1.57bn, provide liquidity when required and allows access to covenant-backed leasing opportunities.
Our buildings are supported by refurbishment capital expenditure programmes to ensure our portfolio adheres to our brand standards and remains fresh for our customers.
Our principal brands, Maldron and Clayton Hotels, are Ireland’s most successful hotel brands.
Driving brand awareness and recognition is a priority, as we continue to expand in the UK and continental Europe.
We are committed to investing more in understanding our brands, and our customers, ensuring we build customer-centric offerings that meet our customers evolving expectations.
Central to our core objective of designing sustainable hotels is to create a cost-effective, low maintenance, energy efficient and low carbon property.
In the UK, we are targeting a high Building Research Establishment Environmental Assessment Method (BREEAM), and as part of our commitment to provide the best-integrated design solutions, our design teams also target a LEED (Leadership in Energy and Environmental Design) rating of ‘Gold’.
We have partnered with Green Tourism, who offer sustainable accreditation, and all 50 hotels assessed in 2023 received the ‘Gold’ Green Tourism award. We received ‘Gold’ Green Meetings award in the 48 hotels we had assessed with Meeting & Event facilities.
Financial discipline provides us with strategic options when considering new opportunities to create long-term shareholder value.
We develop excellent relationships with our shareholders, banking partners and real estate investors and can access both debt and equity funding to support the ongoing growth of the business.
We maintain a robust and stable capital structure capable of supporting the business through the economic cycle, withstanding rapid macroeconomic change and unforeseen external shocks.
The multi-layered expertise of our in-house Acquisitions and Development Team enables us to create value through hotel financing, acquisition, design and development while executing on our ambitious growth strategy.
Dalata are responsible, people-first hotel owners and operators, aiming to deliver exceptional experiences for everyone who work with us, stays with us or invests with us.
You probably know us by our primary hotel brands, Maldron Hotels and Clayton Hotels. At the moment there are 25 Maldron hotels and 27 Clayton hotels. Other distinctive hotel brands that are part of the Group include The Gibson Hotel and The Samuel Hotel, both located in Dublin’s docklands. Many of our hotels feature our Club Vitae leisure clubs, Red Bean Roastery coffee shops and Grain & Grill restaurants.
Dalata was founded in Ireland in August 2007 by Pat McCann, who identified an opportunity to manage and acquire hotels under replacement cost, arising from the market dislocation that resulted from the great financial crisis. Dalata initially acquired several hotels from Choice Hotels Ireland and began planning for a future IPO to fund Dalata’s expansion.
In March 2014, Dalata listed on the ESM market of the Irish Stock Exchange and the AIM market in London. Between 2014 and 2015, Dalata raised €850 million in equity and debt and embarked on a rapid acquisition strategy. The Group acquired 19 hotels, including 9 hotels from the Moran Bewley Hotel Group at a cost of €452 million. During this time, Dalata also launched the Clayton Hotel brand and relaunched Maldron Hotels, which are Ireland’s most successful hotel brands.
Dalata identified a structural opportunity for UK expansion, focused on large Regional UK cities and London using its acquisition, development and long-term leasing models.
The Group underpinned its financial security during the pandemic by completing the €65 million sale and leaseback of Clayton Hotel Charlemont in April 2020 and raising €92 million in a September 2020 equity placing. This supported the momentum of our development activity, where we have added 14 hotels to our portfolio since the start of 2022.
We welcome leisure, corporate and tour guests to stay with us. Guests and patrons also use our conference and events facilities, meeting rooms, leisure clubs, and food and beverage offerings. At Dalata, we aim to provide a positive, enjoyable experience for all customers and guests throughout their journey with us.
