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December 19 2017 7:52 AM
Ireland's largest hotel operator, Dalata Hotel Group, is to open 1,281 rooms across the UK and Ireland in 2018 as it continues its expansion.
In its trading update today, the group behind the Maldron and Clayton hotels said that it expects its 2017 earnings to be in line with market expectations, with Davy analysts forecasting earnings of €102.5m at the group - an increase of 20pc year-on-year.
The hotel group’s performance was particularly strong in Dublin this year, with its revenue per room up 9.5pc for the year to-date.
Dalata also experienced strong growth outside of Dublin, with its regional Ireland portfolio recording an increase of 8.7pc in revenue per room for the 11 months to the end of November.
In Ireland, Dalata has confirmed the acquisitions of 62 rooms at Clayton Hotel Cardiff Lane for €8.7m and a further 18 rooms at Clayton Hotel Liffey Valley for €2m, in line with its strategy to buy out remaining freehold interest.
These transactions will result in Dalata owning 252 out of a total of 304 bedrooms in Clayton Hotel Cardiff Lane, and 261 out of a total of 361 bedrooms in Clayton Hotel Liffey Valley.
Meanwhile in the UK, Dalata has signed a 35-year lease agreement with McAleer and Rush for a new 250 room Maldron hotel in the centre of Glasgow. This adds to its recently announced 300 room Clayton Hotel for Glasgow that is expected to open in second half of 2020.
Commenting on the trading update, Dermot Crowley, deputy CEO at Dalata described 2017 as a "very successful year for Dalata in terms of trading at our existing hotels, the acquisition of new hotels and building up a development pipeline in the UK."
"Given the pipeline of hotels due to open in the next year and the continued strength of trading in our three regions, we look forward to 2018 with confidence," Mr Crowley said.