Dalata Hotel Group has moved a huge step closer to cementing its change of ownership, with shareholders unanimously voting in favour of the sale of the company, this week.
All that remains to be achieved is formal regulatory approval, which is fully expected to be granted in due course.
Shareholders in Dalata – which owns the popular Irish hotel brands Clayton and Maldron – voted in favour of the group’s takeover at an extraordinary general meeting (egm), in Dublin, on Thursday.
Dalata opened a business-wide strategic review last March, which eventually led to the €1.4bn agreed sale to a Scandinavian hospitality and property consortium comprisng the Pandox and Eiendomsspar businesses.
Last month, Dalata reported a 45% year-on-year drop in first half profits, which were dragged down by the costs of the strategic review. In truth, the business remains in robust health, with international expansion still at the forefront of its growth ambitions.
Currently, Dalata operates in Ireland, the UK, Germany, Spain and the Netherlands and has reached the point of having more hotels outside of Ireland than in its home market, such has been its aggressive international growth drive in recent years.
