• Dalata raises EUR265m

Irish hotel group Dalata has raised EUR265m to spend on buying Irish hotel assets. The funds, gained through an IPO in London and Dublin, could buy at least 16 hotels, reports the Irish Independent.

Dalata currently operates 34 hotels in Ireland and the UK, including 13 Maldron branded properties. Dalata was founded by former Jurys Doyle chief executive Pat McCann.
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