Dalata Hotel Group – the owner of the Clayton and Maldron hotel chains – has posted notice of its annual general shareholders’ meeting.
This year’s AGM will be held at the Clayton Hotel Ballsbridge, Merrion Road, Ballsbridge, Dublin on April 30 at 11:30am.
This could be the group’s last AGM, with Dalata having effectively put itself up for sale last month by commencing a full strategic review of the business, with all options on the table including a potential sale.
In recent years, Dalata has aggressively grown outside of Ireland, significantly upping its UK presence and starting its initial expansion into mainland Europe, with openings in Germany and the Netherlands.
The group said, last month at the time of its review announcement, that while it had not been in discussions with potential suitors, nor had it received any offers; the move is a way of exploring options to optimise capital opportunities for the group and to enhance shareholder value.
It added that the strategic review includes – but is not limited to – a potential sale of the entire group.
Dalata’s latest annual financial results – also issued last month – showed a business in good health; with 2024 seeing a 7%+ jump in group revenue, to €652.2m; adjusted earnings ahead by over 5% at €234.5m; and RevPAR up to €116m.
