Dalata Hotel Group has revealed that its EBITDA has fallen 5% to €102.5m (£884.m), down from €107.6m (£92.8m) in the previous period, for the half year ended 30 June 2025.
Furthermore, the company saw its profit-after-tax fall 45% from €35.8m (£30.9m) down to €19.6m (£16.9m), primarily driven by costs related to its strategic review and an increase in non-cash accounting charges.
Dalata’s RevPAR fell 2% to €108.61m (£93.66m), its average room rate fell 1% to €140.75m (£121.37m) and its occupancy fell from 77.6% to 77.2%,
Despite this, the group saw its revenues rise 1% from €302.2m (£260.6m) up to €306.5m (£264.3m), supported by new additions to its portfolio.
These additions included four hotels in prime capital city locations, which will add over 1,000 rooms to the portfolio with an additional extension potential of over 250 rooms at Dublin Airport.
The new hotels include the Clayton Hotel Tiergarten, Berlin, the Clayton Hotel Valdebebas in Madrid and the Clayton Hotel Morrison Street, Edinburgh.
The group also made progress in the construction of the Maldron Hotel Croke Park, Dublin, Clayton Hotel St. Andrew Square, Edinburgh and Clayton Hotel Cardiff Lane, Dublin extension.
It comes after the firm announced that its board had recommended that shareholders accept an all-cash offer of €6.45 (£5.56) per share from the Pandox Consortium to acquire the firm.
Dermot Crowley, Dalata Hotel Group CEO, said: “The first half of 2025 has certainly been a busy one for everyone in Dalata. After announcing a strategic review on March 6th, the Board and executive team worked tirelessly in ensuring that the best result was achieved for shareholders.
“On July 15, the board recommended an all-cash offer of €6.45 per share from the Pandox Consortium which represents a 49.7% premium to the twelve-month volume-weighted average share price up to March 6. I believe that this represents a very positive outcome for shareholders which is why the board is unanimously recommending the offer.”
He added: “Having met with Pandox and Scandic on a number of occasions, I am confident that the acquisition will also be a very positive outcome for the people working within Dalata. I look forward to working in close partnership with our new owners to enable Dalata and its people to continue to grow and prosper within a larger international hotel company.
“Despite the potential for distraction by the strategic review, our team remained focused and delivered a very strong operational performance as well as continuing to grow our development pipeline. Notwithstanding the external commentary of a challenging year for tourism in Ireland, on a ‘like for like’ basis, our RevPAR in Dublin and Regional Ireland is at the same level as the same period last year.”
