Dalata Hotel Group PLC : AGM Statement

Dalata Hotel Group PLC (DAL,DHG) 
Dalata Hotel Group PLC: AGM Statement 
29-Apr-2021 / 07:00 GMT/BST 
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2021 AGM Statement 
Trading and Development Update 
ISE: DHG              LSE: DAL 
 
Dublin and London | 29 April 2021:  Dalata Hotel Group plc ("Dalata" or the "Company"), the largest hotel operator in 
Ireland with a growing presence in the United Kingdom, is holding its AGM today at 11:30 am BST at Clayton Hotel 
Cardiff Lane, Sir John Rogerson's Quay, Grand Canal Dock, Dublin 2, D02 YT21. 
At the AGM, John Hennessy, Chairman of Dalata, will make the following statement: 
"The Covid-19 pandemic continues to have a significant impact on our business and daily lives. Since the start of 
January, our hotels have been closed to the general public, serving customers related to essential services only. For 
the first quarter of 2021, occupancies[i] at our hotels were 14% in Dublin, 16% in Regional Ireland and 13% in the UK. 
We continue to minimise the impact of lower revenues through proactive cost control and availing of government support. 
For the first quarter the Adjusted EBITDA loss was EUR3.6 million. 
 
We continue to protect our strong liquidity. The Company had cash and undrawn debt facilities of EUR272 million at the 
end of March 2021. As a result of careful cash flow management, the cash outflow of EUR21 million for the first quarter 
of 2021 is in line with our expectations. 
 
We recently announced two Senior Management appointments. Dermot Crowley is to succeed Pat McCann as Chief Executive 
Officer and Carol Phelan is to become Group Chief Financial Officer. I am delighted we were able to fill these 
positions internally in keeping with our strategy to develop our people and promote from within. They bring a wealth of 
experience and expertise to their new roles and their extensive knowledge of the business and our culture will be vital 
as the business recovers from the impact of Covid-19 and positions itself for further growth. Our ability to appoint 
leaders from within reflects the strength of the team we have built, a process which has been led by Pat McCann, our 
founding CEO. 
 
We look forward to welcoming guests back to our hotels over the coming months. We expect hotels in the UK to re-open 
fully in the middle of May in line with the timetable set out by the UK government. The near-term outlook in Ireland is 
more uncertain but we remain encouraged by the acceleration of the vaccine roll-out. The Irish government have yet to 
announce when hotels can re-open to non-essential customers. We will re-open to all guests as soon as restrictions 
allow. 
 
We continue to progress our development pipeline of close to 3,300 rooms. We expect to open three new hotels before the 
end of this year. We have appointed the management teams and they are busy getting ready to successfully launch these 
hotels. Four more hotels are due to open in the first half of 2022. 
 
While the protection of our people, our business and our cash remain our top priority, we are excited about the long 
term prospects of the Company. Our portfolio of hotels is well-invested and we have built a solid foundation for future 
growth. The Company's asset backed balance sheet remains robust and we have enhanced our reputation with developers and 
institutional landlords. 
 
We are repeating the independent audit of our health and safety practices by Bureau Veritas[ii] ahead of general 
re-opening. This independent accreditation of our Dalata Keep Safe Programme will reassure our guests as they return to 
our hotels. 
 
Our people remain positive and motivated and are ready and waiting to deliver the excellent experience our guests are 
accustomed to when they stay at a Dalata hotel." 
 
 
Development pipeline update 
Dalata continues to progress the development pipeline of close to 3,300 rooms located in Dublin, London, Glasgow, 
Manchester, Liverpool, Birmingham, Bristol and Brighton. Maldron Hotel Glasgow and Clayton Hotel Manchester are 
scheduled to open in July and November 2021 respectively. Maldron Hotel Manchester and Clayton Hotel Bristol are 
expected to open in January 2022 and Clayton Hotel Glasgow is on track to open in Q2 2021. The phased return of 
construction in Ireland has commenced with residential construction re-opening on 12 April and hotel construction 
expected to start in May. As a result, we expect the Samuel Hotel and Maldron Hotel Merrion Road to open in Q4 2021 and 
Q2 2022 respectively. Planning permission has been approved for Maldron Hotel Croke Park in Dublin with the hotel on 
track to open in Q1 2024. 
 
AGM 
The Company is conducting the AGM in accordance with the Irish Government's Covid-19 related public health measures and 
public health advice. Shareholders can remotely access the AGM, ask questions and vote at the AGM via a virtual meeting 
platform provided by Lumi AGM UK Limited. This can be done by accessing the meeting website: https://web.lumiagm.com 
and using the meeting ID 146-521-744. The results of the resolutions relating to the AGM will be published later today. 
  Further information relating to the AGM is published on the Company's website: https://dalatahotelgroup.com/investors 
/shareholder-centre#agm 
 
-ENDS- 
 
About Dalata 
Dalata Hotel Group plc was founded in August 2007 and listed as a plc in March 2014. Dalata has a strategy of owning or 
leasing its hotels and also has a small number of management contracts. The Group's portfolio now consists of 29 owned 
hotels, 12 leased hotels and three management contracts with a total of 9,261 bedrooms. In addition to this, the Group 
is currently developing 13 new hotels and has plans to extend four of its existing hotels, adding close to 3,300 
bedrooms in total. This will bring the total number of bedrooms in Dalata to over 12,500. For the full year 2020, 
Dalata reported revenue of EUR136.8 million and a loss after tax of EUR100.7 million. Dalata is listed on the Main Market 
of Euronext Dublin (DHG) and the London Stock Exchange (DAL). For further information visit: www.dalatahotelgroup.com 
Contacts 
Dalata Hotel Group plc                     Tel [phone] 
Pat McCann, CEO                            [e-mail] 
Dermot Crowley, CEO Designate 
Sean McKeon, Company Secretary and Head of Risk and Compliance 
 
Joint Company Brokers 
Davy: Anthony Farrell                      Tel [phone] 
Berenberg: Ben Wright                      Tel [phone] 
 
Investor Relations and PR | FTI Consulting Tel [phone] 
Melanie Farrell                            [e-mail] ----------------------------------------------------------------------------------------------------------------------- 

[i] Ballsbridge Hotel is excluded from the Dublin portfolio as the hotel is not open for essential services

[ii] Bureau Veritas is a world leader in Health and Safety testing, inspection and certification -----------------------------------------------------------------------------------------------------------------------

ISIN:           IE00BJMZDW83, IE00BJMZDW83 
Category Code:  AGM 
TIDM:           DAL,DHG 
LEI Code:       635400L2CWET7ONOBJ04 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   101861 
EQS News ID:    1190246 
 
End of Announcement  EQS News Service 
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(END) Dow Jones Newswires

April 29, 2021 02:00 ET (06:00 GMT)