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Dalata Hotel Group PLC (DAL,DHG)
Dalata Hotel Group PLC: Year End 2020 Trading and Development Update
17-Dec-2020 / 07:00 GMT/BST
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Year End Trading and Development Update
Strong Financial Position to Support Business Recovery and Growth
Dublin, 17 December 2020 | Dalata Hotel Group plc ( Dalata or the Group ), the largest hotel operator in Ireland, with a growing presence in the United Kingdom, is pleased to announce that despite the challenging environment, EBITDA for the year ending 31 December 2020 is expected to be marginally ahead of market expectations and the Group remains in a strong financial position with current cash and undrawn debt facilities of €293 million after deducting upcoming payments including quarterly rent and interest.