Dalata Hotel Group agrees a two-year extension to the licencing agreement of the Dublin Airport Maldron

DALATA Hotel Group, which operates all the Maldron and Clayton brands in Ireland, has agreed a two-year extension to the licencing agreement of the 251-bedroom Maldron Hotel Dublin Airport with the hotel’s landlord.

Its existing agreement for the hotel had been due to expire this month.

Ireland’s largest hotel group said in December that it expects hotel revenue to exceed €600m for 2023, which would mark a new record for the company.

According to the group’s trading update published this week, Dalata also expects to post adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) of more than €220m for 2023.

That compares with an Ebitda of €183m recorded by the group last year.

Ireland’s largest hotel group has reported a strong showing in 2023, with revenues for the first six months of the year at €284.8m.

For the second half of 2023, the company said its group revenue per available room (RevPAR) is also expected to be 3 per cent ahead of 2022 levels.

Dalata has a growing presence in the UK and continental Europe and recently bought a development site in Edinburgh for a new hotel.

This will involve an investment of €55 million as the Irish-listed company expands its footprint in Scotland to three hotels.

Its portfolio comprises 53 three- and four-star hotels with 11,412 rooms and a pipeline of over 1,300 rooms.

It currently has 31 owned hotels, 19 leased hotels and three management contracts.