Full Year Results Presentation - March 2015 - Dalata Hotel Group
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Full Year Results Presentation – March 2015
Disclaimer
This presentation document (hereinafter “this document”) has been prepared by Dalata Hotel Group plc
(“Dalata” or “the Company”) for information purposes only.
This document has been prepared in good faith but the information contained in it has not been the
subject of a verification exercise. No representation or warranty, express or implied, is given by or on
behalf of the Company or any of its respective shareholders, directors, officers, employees, advisers,
agents or any other person as to the accuracy , fairness, or sufficiency of the information, projections,
forecasts, or opinions contained in this presentation. In particular, some of the market data in this
document has been sourced from third parties. Save in the case of fraud, no liability is accepted for any
errors, omissions or inaccuracies in any of the information or opinions contained in this document.
Certain information contained herein constitutes “forward looking statements”, which, can be identified
by the use of terms such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “intend”, “target”,
“believe” (or the negatives thereof) or other variations thereon or comparable terminology. Due to
various risks and uncertainties, actual events or results or actual performance of the Company may differ
materially from those reflected or contemplated in such forward looking statements. No representation
or warranty is made as to the achievement or reasonableness of and no reliance should be placed on
such forward looking statements.
2
Contents
Section: Page:
I. Highlights 4
II. Financial Performance 9
III. Market Backdrop 14
IV. Moran Bewley’s Hotel Group 17
V. Enlarged Group 24
Appendix
3
Section I : Highlights
4
Highlights
Financial Highlights
Successful completion of IPO in March 2014 raising €256m net of costs
Strong operating performance with revenue up 30.4% in 2014
EBITDA of €6.1m, up 14.2% on 2013
EBITDA (excluding impacts of acquisitions) rose by 54% to €8.23m
Operational Highlights
Group RevPAR up 15.7% on a ‘like for like’ basis driven by 13.4% increase in ARR
Completed acquisition of three hotels for total consideration of €35m
Invested €3.5m in ongoing capital refurbishment of leased hotels
IPO proceeds invested 12 months ahead of schedule
Post Year End Highlights
Since year end, completed transformational acquisition of 9 Moran Bewley hotels for a total consideration of
€453m
Also completed acquisition of three further hotels for €42m: Clayton Hotel Galway, Whites Hotel Wexford and
Pillo Hotel Galway
Integration of all new acquisitions well underway
Announcing today the acquisition of Holiday Inn Hotel in Belfast for £18.5m
New Clayton brand being rolled out to 13 of our hotels within next 6 months
Raised a further €48.6m net of costs and negotiated a term loan facility of €282m to part fund the hotel
acquisitions
5
Acquisitions Summary
Maldron Parnell Square, Dublin Clayton Hotel, Galway Pillo Hotel, Galway
19 March 2014
Admission to
AIM and ESM
Purchase Price: €15.3m Purchase Price: €16.5m Purchase Price: €10.5m
3 star hotel with 126 rooms 4 star hotel with 195 rooms 4 star hotel with 104 rooms
Mar Apr May Jun Jul Aug Sep Oct Nov Feb
‘14 ‘14 ‘14 ‘14 ‘14 ‘14 ‘14 ‘14 ‘14 ‘15
Maldron Pearse Street, Dublin Maldron Hotel Derry, Derry City Whites Hotel, Wexford Moran Bewley’s Hotel Group
Purchase Price: €14.4m Purchase Price: £4.4m Purchase Price: €15.2m Purchase Price: €453m
3 star hotel with 101 rooms 3 star hotel with 93 rooms 4 star hotel with 157 rooms 9 hotels with 2,506 rooms
6
Holiday Inn Belfast
• 170 bedroom full 4 star Holiday Inn - £18.5m
– Full leisure centre with pool; 40 car spaces
• Central Belfast location (Ormeau Ave)
– First Dalata owned property in Belfast City
– Large urban zone pop > 640k (EU definition)
– Circa 47% of visitors from Republic of Ireland
• IRR > 15%
– 2014 EBITDA of £1.4m – initial yield of 7.6%
– Will deliver immediate operating efficiencies
– Revenue opportunities identified
– Target yield by end Year 2 (10%)
– Cost per room < £110k
7
Enlarged Dalata Group Hotel Portfolio
Owned Hotels Management Agreements
Hotel Rooms Hotel Rooms
Maldron Hotel Parnell Square, Dublin 126 With Receivers 1,043
Maldron Hotel Pearse Street , Dublin 101 Diamond Coast Hotel, Co . Sligo 92
Maldron Hotel Derry, Co. Derry 93 Portlaoise Heritage Hotel, Co .Laois 110
Clayton Hotel Oranmore, Co. Galway 195 Westlodge Hotel, Co. Cork 90
Clayton Whites Hotel, Wexford 157 Clarion Hotel Sligo, Co. Sligo 162
Maldron Hotel Galway, Co. Galway 104 Clonmel Park Hotel, Co. Tipperary 99
Clayton Hotel Cardiff Lane , Dublin (7 suites) 20 Fels Point Hotel Tralee, Co. Kerry 165
Clayton Hotel Dublin Airport 466 Pillo Hotel Ashbourne, Co. Meath 148
Clayton Hotel Ballsbridge , Dublin 304 Hotel Ballina, Co. Mayo 87
Clayton Hotel Leopardstown, Dublin 354 Dundrum House Hotel, Co. Tipperary 68
Maldron Hotel Newlands Cross, Dublin 299 Ten Square Hotel, Belfast 22
Clayton Silver Springs Hotel, Co. Cork 109 Directly with Owners 975
Clayton Hotel Chiswick, London 123 Cavan Crystal Hotel, Co. Cavan** 85
Clayton Crown Hotel, London 152 Maldron Hotel, Belfast 104
Clayton Hotel Leeds 334 Best Western Plus Academy Plaza Hotel, Dublin 304
Holiday Inn Hotel, Belfast 170 Shamrock Lodge Hotel, Co. Westmeath 51
The Belvedere Hotel, Dublin 92
TOTAL 3,107 Nuremore Hotel & Country Club, Co. Monaghan 72
% Dublin 54% Fitzwilton Hotel, Co. Waterford 89
Aghadoe Heights Hotel & Spa (Co Kerry) 74
Shearwater Hotel, Ballinasloe, Co. Galway 104
Lease Agreements
Total 2,018
Hotel Rooms
% Dublin 20%
Clayton Hotel Cardiff Lane , Dublin 284
Maldron Hotel Smithfield, Dublin 92
Maldron Hotel Tallaght ,Dublin 119 Summary by Hotel Category Hotels Rooms
Maldron Hotel Galway 113
Maldron Hotel Cork 101 Owned 15 3,107
Maldron Hotel Portlaoise 90
Maldron Hotel Wexford 108 Leased 13 2,455
Maldron Hotel Limerick 143 Mgmt Agreement – Receivers 10 1,043
Clayton Hotel Cardiff , Wales 216
Maldron Dublin Airport Hotel* 247 Mgmt Agreement – Owners 9 975
Ballsbridge Hotel, Dublin 392
Clyde Court Hotel , Dublin 185 TOTAL 47 7,580
Clayton Hotel Manchester Airport 365
* Not a leasehold interest, operated under an operating agreement with the landlord
TOTAL 2,455
% Dublin 54% ** Previously operated under a management agreement with a receiver
8
Section II : Financial Performance
9
Overall Summary
Summary Highlights
Full year Full year Total revenue increased by 30.4% driven by
12 months 12 months – The addition of two new leased properties in
31 Dec 31 Dec
2014 2013
Nov 2013 & Jan 2014
€’000 €’000 – 10.8% increase in revenues in leased hotels on
Audited Audited a ‘like for like’ basis
Key Financials – 5.4% increase in income from management
Revenue 79,073 60,617 properties
Segments EBITDAR 29,637 22,447 Segments EBITDAR increased by 32% to €29.6m on
Rent (16,221) (13,828) back of strong conversion of revenues to EBITDAR
which grew margin from 31.1% to 32.8% for owned
Segments EBITDA 13,416 8,619
& leased properties
Central Overheads (7,319) (3,279)
€2.27m of central overhead relates to professional
EBITDA 6,097 5,340 fees on acquisition activities; €0.55m relates to
EBITDA (excluding impact of acquisitions) 8,230 5,340 stamp duty on the acquisitions of Maldron Pearse
Street and Derry hotels. Excluding these factors,
central overheads increased by €1.2m reflecting a
KPIs 2014 2013
planned investment in central office team, to
Occupancy 75.3% 73.8% support the enlarged group.
Average Room Rate (€) 76.4 68.3 EBITDA grew 54% to €8.23m (excluding the impact
RevPAR (€) 57.5 50.4 of acquisitions)
10Leased & Owned Hotels
Leased and Owned Hotels Highlights
Full year Full year Total revenue up 32.8%
12 months 12 months
31 Dec 31 Dec
Like for like revenue up 10.8% driven by 15.7%
2014 2013 increase in RevPAR
€’000 €’000 – Dublin RevPAR up 14.9%
Audited Audited
– Regional Ireland RevPAR up 12.7%
– Cardiff RevPAR up 16.1% on constant currency
Revenue 73,626 55,447
basis
EBITDAR 24,190 17,277 Food sales up only 1.2% reflecting strategy of
Rent (16,221) (13,828) switching to ‘room only’ rates
EBITDA 7,969 3,449 EBITDAR margin up from 31.1% to 32.8% due to
strong conversion of increased RevPARs and higher
Dublin – Like For Like 2014 2013
proportion of Dublin hotels
Occupancy 81.3% 81.5% Rent increased by €2.4m for a combination of
Average Room Rate (€) 84.5 73.4 reasons:
RevPAR (€) 68.7 59.8 – Entered into new leases in Maldron Dublin
Airport (Jan 14) and Tallaght (Dec 13)
Regional Ireland – Like for Like 2014 2013 – Additional performance related rent in
Occupancy 62.3% 58.3% Ballsbridge & Clyde Court hotels
Average Room Rate (€) 61.8 58.4 – Purchase of Maldron Parnell Square freehold
in Aug resulted in €0.4m saving in rent
RevPAR (€) 38.5 34.1
– Restructuring of leases in existing properties
resulted in rent savings
11Managed Hotels
Hotel
Hotel management services Highlights
Full year Full year Income from managed properties up 5.4%
12 months 12 months
31 Dec 31 Dec
2014 2013 As expected, the number of hotels under
€’000 €’000
management is falling as receivers dispose of hotels
Audited Audited
in the recovering market:
Key Financials
– Gained 10 new contracts in 2014 but lost 9
Revenue 5,447 5,170
– Large Citywest contract terminated as
expected in Jan 2015
Segment EBITDA Contribution to 5,447 5,170 – Springhill Court terminated in Feb 2015
Central Overhead
– Clayton, Whites & Pillo switched from
managed to owned segments since year end
Currently manage 10 hotels for receivers and 9
No central overhead is allocated directly hotels directly for owners
to managed services segment
12Balance Sheet at Year End
Summary Highlights
31 Dec 31 Dec Balance sheet in 2014 was transformed by the IPO
2014 2013
€’000 €’000
with net €256m in cash raised
Audited Audited Significant increase in fixed assets due to purchase
Non-current assets of three hotels for €35m, upward revaluation of
Property, plant & equipment 53,542 4,990
Parnell Square by €8.4m and capital investment in
leased properties
Goodwill, receivables, def tax 12,634 7,937
€4.1m of deposits on acquisitions included in non
66,176 12,927
current receivables
Current assets Prepayments include €2.3m in costs related to the
Trade receivables, prepayments, stock 10,137 6,580 Moran Bewley’s Hotel Group (“Moran Bewley’s” or
Cash and cash equivalents 217,807 4,940 “MBG”) transaction
227,944 11,520 Shareholder loans converted as part of the group
Total assets 294,120 24,447
restructuring that took place at the time of the IPO
Bank loans were repaid with proceeds of IPO
€282m facility was taken out in Feb 2015 to part
Equity 272,713 (50,248)
fund Moran Bewley’s transaction
Shareholder loans & accrued interest - 54,725
Accruals include €4m relating to fees and costs for
Bank loans - 9,000 Moran Bewley’s transaction
Deferred tax 960 -
Trade and other payables 20,447 10,970
Total liabilities 294,120 24,447
13Section III : Market Backdrop
14Irish Market Performance
An 8.9% increase in visitor numbers in 2014 and continued improvement in
domestic economy is delivering higher RevPARs in Irish City Markets
2014 2014 2014 RevPAR
ADR Occ RevPAR Growth 2014
Dublin €96.2 78.3% €75.4 11.1%
Belfast £60.5 76.1% £46.0 5.7%
Cork €72.4 76.3% €55.3 8.9%
Galway €76.6 72.2% €55.3 7.6%
Limerick €54.0 63.0% €34.0 14.3%
Source: STR Global & trending.ie
Dublin: Continues to be very strong due to rising demand and limited new supply. Primarily driven by ADR growth in
2014. STR are forecasting RevPAR growth of 8.8% in 2015 and 8% in 2016 (highest growth rates in Europe). ADR still
below cities such as Edinburgh, Brussels, Frankfurt and Barcelona and only on a par with Manchester
Belfast: Recovery started in 2012 and recovery has been strong since then. STR forecasting 2% growth in RevPAR for
2015
Cork: Recovery started in 2013 with recovery in occupancies. Increase in 2014 was driven primarily by ADR
Galway: Modest recovery began in 2013. Solid start to 2014 was followed by a very strong summer/autumn
performance
Limerick: City is heavily oversupplied due to over development in boom years. City occupancy is slowly recovering
and outlook helped by closure of some hotel rooms in last 2 years. Strong 2014 growth but against a very low base in
2013
15UK Hotel Market Performance
2014 2014 2014 RevPAR
ADR Occ RevPAR Growth 2014
London £140 83% £116 3.5%
Leeds £61.52 77.9% £47.90 12.5%
Manchester £70.02 78.7% £55.12 10.3%
Cardiff £61.94 75.8% £46.95 14.5%
Source: STR Global
London – another strong year in London with highest occupancy rate for capital city in Europe. STR forecasting
RevPAR growth of 4.6% for 2015 (third highest in Europe). Rugby World Cup expected to be very positive for
city in the Autumn
Provincial UK – most of the major provincial cities in the UK recovered strongly in 2014 after a number of
challenging years. Domestic economy is the key driver
UK economy - grew by 2.6% in 2014 and unemployment down to 6% - the continued recovery is positive for
the hotel industry
16Section IV : Moran Bewley’s Hotel Group
17Acquisition of Moran Bewley’s Hotel Group
Acquisition
Acquisition of the Moran Bewley’s Hotel Group, which owned and operated a portfolio of 9 hotels,
for €453m
€453m cash consideration financed by combination of:
– €282m in new debt facilities
Financing – vendor placing of 12.2m shares (10%) of existing issued share capital of Dalata
– balance from available cash on hand
Additional placing of 6.1m shares (5%) to provide additional financing headroom for Dalata
Rare opportunity to acquire a large well invested portfolio of 3 and 4 star hotels with 2,506
rooms
Strengthens the Group’s position as leading hotel operator in the Dublin market (over 50% of
rooms are in Dublin)
Establishes Company’s presence in key UK cities and provides a platform for further growth
Rationale Opportunity to rebrand a number of hotels to 4 star hotels and exploit higher room rates
Significant development opportunities across the portfolio of acquired hotels
Significant level of cost synergies to be extracted through leverage of existing Dalata platform
Proposed acquisition is in line with Dalata’s 15% pre tax leveraged return hurdle
IPO proceeds fully invested well ahead of schedule in a market experiencing significant
improvement
18Moran Bewley’s Hotel Group
Acquisition of 9 hotels in February 2015 for €453m
Moran Hotels Bewley’s Hotels
Premier 3 / 4 star hotel group with various 1 Crown Moran Hotel London 4 Bewley’s Hotel Leeds
hotels across Ireland and the UK 2 Chiswick Moran Hotel London 5 Bewley’s Hotel Manchester
3 Silver Springs Moran Hotel Cork 6 Bewley’s Hotel Ballsbridge
7 Leopardstown Bewley’s Hotel
Bank led debt restructuring completed in 8 Newland Cross Bewley’s Hotel
9 Dublin Airport Bewley’s Hotel
2013
4
5
Vendors were AIB plc, Bank of Ireland plc,
Canyon Capital and the Moran Family
3
1
2
Comprises 9 hotels (2,506 rooms) across 2
brands: Co. Dublin
– Moran: 3 hotels with 4 star rating (2 in
London and 1 in Cork) 9
– Bewleys: 6 hotels with 3 star rating (4 in 8 7
6
Dublin, 1 in Manchester, and 1 in Leeds)
8 of the 9 hotels owned on a freehold basis,
with 1 hotel owned on a long leasehold basis No of Rooms FY14 Revenue
(Manchester) 6% 17%
61% 33% 61%
FY14E Revenue
Large well invested hotels
Material extension ongoing at Chiswick Hotel 39%
32%
51%
(London) Dublin London Other
Ireland UK
Rooms F&B Other
Employed c.1,172 employees at acquisition
Moran Bewley’s Hotel Group Management Information
19Revenue Growth
3 key drivers
Market Growth Dalata Yield Management Development Initiatives
8.9% increase in total tourist trips to Implement Dalata’s decentralised 98 bedroom and new conference &
Ireland yoy in 2014 revenue management model banqueting extension currently
Event activity continues to be strong in Opportunity to rebrand and underway in Chiswick Moran
Dublin – RevPAR grew over 11% in 2014 reposition most hotels to 4 star Estimated cost to Dalata of completion is
Cities outside Dublin recovering strongly hotels £7m
with no prospect of supply increases Cardiff Lane FY14 RevPAR forecast Expected completion date in Q4 2015
Strong RevPAR growth also evident of €80 vs MBG Ballsbridge FY14 Full year benefit of extension in FY16
across all sectors of UK market RevPAR forecast of €70.94 FY14 RevPAR of approximately £102
Manchester and Leeds are two of the Other opportunities in Dublin Airport and
strongest regional performers in the UK Bewleys Ballsbridge
market
Underlying key metrics experienced strong growth in 2014
12.5%
11.1%
10.3% 10.1%
8.5%
6.6%
3.5% 3.5%
2.4% 2.9%
2.2%
0.6%
Dublin London Manchester Leeds
Occupancy Average Room Rate RevPar
Source: STR, trending.ie
20Integration Progressing as Planned
Moran Bewley’s head office function will be closed by end of March through combination of redundancies,
redeployments to hotels and small number transferred to Dalata Central Office
– All revenue and accounting functions decentralised to the individual hotels
– Group Sales, Marketing, Legal and Human Resources functions being wound down
– Group Purchasing function subsumed into Dalata Group Purchasing
Estimated full year annual savings of approximately €3.2m
Detailed review taking place of costs and revenue opportunities with 2015 budgets for all 9 properties to be
completed by the end of March
Dalata suppliers introduced to Irish hotels by end of February, plan for UK hotels currently under consideration
Plan on track to rebrand three Moran hotels to Clayton by start of May. Bewleys hotels to follow over months of
May, June and July. Have agreed to retain Bewleys name for distribution purposes until end of 2015.
Ballsbridge hotel re-rated to 4 star
Development project at Chiswick now fully under Dalata management – some changes being made to interior design
and layouts. Project due to complete during Q4 of 2015
Review of potential development opportunities at other properties already underway
21Brand Proposition Hotels that provide a gateway to a great
experience – see a show, attend an
event or visit tourist attractions. Service
delivered with a smile and a fun
attitude.
Bedrooms Generally standard rooms with Executive
rooms in some locations
Food & Beverage Integrated bar/restaurant in some
locations. Simple menus made from fresh
quality produce.
Conference Meeting room facilities
Facilities
Target Customers Corporate and Lesiure but focus on
leisure – family friendly.
22Brand Proposition Hotels that are different because
of the little differences
experienced throughout the
hotel. Service delivered by staff
who are warm, engaging,
inquisitive and empathetic.
Bedrooms Standard and executive room
offerings.
Food & Beverage Modern bar, restaurant and coffee
area. Food & Beverage offering
based on local influences.
Conference Facilities Extensive conference and meeting
room facilities.
Target Customers Focus on corporate and
conference during week. Leisure,
functions & weddings at weekend
23Section V : Enlarged Group
24Enlarged Dalata Group
32%
Enlarged Dalata Group is a large hotel operator with 7,580 rooms in 47 hotels
across Ireland and the UK: 27%
– 15 hotels with 3,107 rooms on an freehold / freehold equivalent basis
41%
– 13 hotels with 2,455 rooms on a leasehold / operating agreement basis
– 19 hotels with 2,018 rooms under management agreements Owned /freehold Leasehold Management Agreements
38 hotels with 6,001 rooms (79%) are located in Irish market (excluding NI):
– Fully developed footprint in key Dublin market with 3,385 rooms 79%
– Dublin rooms comprise c.45% of the Enlarged Dalata Group overall
rooms
21%
Significant presence established in the UK with 1,579 rooms across 9 hotels:
– Provides exposure to attractive hotel markets in London, Manchester Ireland Rooms UK Rooms
and Leeds in addition to existing UK assets (Belfast, Derry and Cardiff)
– Provides a platform for further growth in the UK 34%
Branding and market positioning will include:
– Approximately 13 hotels under new Clayton brand
– Remaining owned and leased hotels will sit under existing Maldron 45% 21%
brand (excluding Ballsbridge Hotel and the Clyde Court Hotel)
Dublin Rooms Rest of Ireland Rooms UK Rooms
25Enlarged Dalata Group Strategy
Focus on maximising profitability of hotel portfolio in Ireland and the UK through the following;
– rebranding and repositioning of existing hotel portfolio – hotel rebranding exercise to be complete by
Sept 2015
– increasing RevPAR via improved revenue management techniques – revenue management at new
properties now decentralised
– increase Food & Beverage sales, Leisure Centre sales and Car Park revenue throughout portfolio given
economic recovery in markets in which we operate
– driving economies of scale through a range of functional areas including sales and marketing, company
purchasing and central office costs – integration process well underway
Enlarged Dalata Group will;
– continue look at in-fill acquisition opportunities in Ireland
– continue to look at further leasehold hotel assets and hotel management opportunities in Ireland
– seek to undertake and maximise the development opportunities within the portfolio
– utilise strong free cash flows to reduce gearing levels consistently over next number of years
Progressive dividend policy in medium term future
26Appendices
27Corporate Background
Oct 2005: Jurys Doyle Hotel Group taken private – Pat McCann, CEO
Jun 2007: Jurys Inn division sold to Quinlan Private, remaining 4 and 5 star hotels rebranded as
the Doyle Collection
Aug 2007: Led by Pat McCann and some of the Jurys Doyle management team, Dalata Hotel
Group Ltd established to acquire an operating business of 11 leased hotels in Ireland from
Choice Hotels Ireland
Mar 2009: Dalata Management Services Limited set up to provide operational and management
expertise to hotel asset owners and funders
Mar 2014: Dalata Hotel Group floats on ESM(Dublin) and AIM (London) and raises €265m to
purchase hotel assets
June 2014 – Mar 2015: Acquisition of 7 separate hotels in Ireland
February 2015: Completion of acquisition of the Moran Bewley’s Hotel Group
Current Portfolio of 7,580 hotels
— Ireland: 3,385 in Dublin; 2,616 in remainder of Ireland
— UK: Significant presence established in the UK with 1,579 rooms across 7 hotels
28MBG – Irish Hotels
All modern purpose built and well invested hotels constructed between 1996 and 2007 (with exception of Silver Springs)
Large and well located hotels with rooms ranging from 299 to 466 (with exception of Silver Springs)
In total, the Group gains a further 1,423 rooms in the attractive Dublin hotel market
Bewley’s Hotel Bewley’s Hotel Bewley’s Hotel Bewley’s Hotel Silver Springs Moran
Dublin Airport Ballsbridge, Dublin Leopardstown, Dublin Newlands Cross, Dublin Hotel, Cork
Star rating: 3* Star rating: 3* Star rating: 3* Star rating: 4*
Star rating: 3*
Ownership: Freehold Ownership: Freehold Ownership: Freehold Ownership: Freehold
Ownership: Freehold
Rooms: 466 rooms Rooms: 354 rooms Rooms: 299 rooms Rooms: 109 rooms
Rooms: 304 rooms
Other Facilities: Restaurant, 2 bars, Other Facilities: Fitness room, Other Facilities: Fitness room, Other Facilities: Bar/restaurant,
Other Facilities: Bar, restaurant and
coffee dock, function room, 16 bar, coffee dock and 13 restaurant and 10 conference leisure centre and 12 conference
8 conference suites
meetings rooms , and fitness suite conference suites suites suites
Year built: 2007 Year built: 1989 - 1999 Year built: 2003 Year built: 1996 Year built: 1963
29MBG – UK Hotels
Both Chiswick Moran and Crown Moran hotels are modern buildings located in attractive London market
Chiswick Hotel to complete significant expansion with 98 new bedrooms and new conferencing & banqueting facilities by end of 2015
In total, the Enlarged Dalata Group presence in the UK is expanded to 1,387 bedrooms in very attractive markets
Chiswick Moran Hotel, Crown Moran Hotel, Bewley’s Hotel Manchester Bewley’s Hotel
London London Airport Leeds
Star rating: 4*
Star rating: 4* Star rating: 3* Star rating: 3*
Ownership: Freehold
Ownership: Freehold Ownership: Long leasehold Ownership: Freehold
Rooms: 152 rooms
Rooms: 123 rooms Rooms: 365 rooms Rooms: 334 rooms
Other Facilities: Bar, restaurant,
Other Facilities: Bar, restaurant, leisure centre, swimming pool and Other Facilities: Fitness room, Other Facilities: Fitness room, bar,
fitness centre and 5 meeting rooms conference facilities for up to 300 restaurant and 25 meeting rooms restaurant and 9 meeting rooms
people
Year built: 2004 Year built: 2003 Year built: 1996 Year built: 2004
30Key Contacts
Pat McCann Chief Executive pmccann@dalatahotelgroup.com
Dermot Crowley Deputy Chief Executive -
Business Development & Finance dcrowley@dalatahotelgroup.com
Address: Dalata Hotel Group plc
4th Floor, Burton Court
Burton Hall Drive
Sandyford
Dublin 18
Tel: +353 (0)1 206 9400
Fax: +353 (0)1 206 9401
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