Dalata delivers double digit development

Pictured: Maldron Hotel Finsbury Park, London.
Ireland-headquartered Dalata Hotel Group has delivered strong portfolio growth in 2022, with a positive pipeline for the years ahead.

The firm now has almost 11,000 rooms in Ireland, the UK and Germany, with upcoming projects poised to add another 1,300 keys. 

Half century feat

In 2022, the group opened six leased hotels and one owned hotel, encompassing over 1,900 rooms, and bringing the precise overall key count to 10,953 – a 19% increase since December 2019.

Additions in the last 12 months included the first hotel in continental Europe, which was rebranded as Clayton Hotel Dusseldorf in December, bringing the portfolio to 50 by the end of the year. The milestone 50th opening was Clayton Hotel Glasgow City in Scotland last October.

UK focus

Dalata is diversifying further into the UK, with 1,165 rooms added to this nation’s portfolio in 2022. This equates to 34% room growth since December 2021.

Across the group’s entire portfolio 29% of rooms were located in the UK at the end of 2019, but by the end of 2022 this figure has risen to 37%.

Future projects

Since year end, Dalata completed a £44.3 million purchase of the new 192-bedroom Maldron Hotel Finsbury Park, London, which is expected to open in summer 2023.

Four hotels totalling 834 rooms are currently under construction in key UK cities – Maldron Hotel London Shoreditch, opening in Q1 2024; plus three summer 2024 openings in Brighton, Liverpool and Manchester.

Scale growth

Dermot Crowley, Dalata Hotel Group CEO, commented: “As I reflect on 2022, I am very pleased with the group’s recovery and record performance. We have emerged from the pandemic and its after-effects with a business that has grown in scale and ambition.

“We are proud to have recently opened our 50th hotel with the completion of Clayton Hotel Glasgow City, to have added seven hotels to the group’s portfolio during the year and to have exceeded €0.5 billion in revenues for the first time.”

Ambitious plans

He continued: “In 2023, Dalata is well set to capitalise on the opportunities that will undoubtedly arise in the markets in which we operate. We continue our ambitious UK expansion plans with the recent purchase of Maldron Hotel Finsbury Park, London due to open in summer 2023 to be closely followed by our Maldron Hotel Shoreditch, London.

“We remain confident in our ability to outperform with our modern hotel portfolio, our focus on sustainability, our decentralised operating model and our track record of providing a superior guest experience. As we look ahead, Dalata’s robust balance sheet, financial resources, pipeline of talented people and excellent reputation position us strongly for further growth. I believe Dalata offers a different way, a better way to deliver success and growth, sustainably for all our stakeholders.”