Full Year Results Presentation March 2015 Disclaimer This - - PowerPoint PPT Presentation

Full Year Results Presentation – March 2015

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Disclaimer

This presentation document (hereinafter “this document”) has been prepared by Dalata Hotel Group plc (“Dalata” or “the Company”) for information purposes only. This document has been prepared in good faith but the information contained in it has not been the subject of a verification exercise. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its respective shareholders, directors, officers, employees, advisers, agents or any other person as to the accuracy , fairness, or sufficiency of the information, projections, forecasts, or opinions contained in this presentation. In particular, some of the market data in this document has been sourced from third parties. Save in the case of fraud, no liability is accepted for any errors, omissions or inaccuracies in any of the information or opinions contained in this document. Certain information contained herein constitutes “forward looking statements”, which, can be identified by the use of terms such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “intend”, “target”, “believe” (or the negatives thereof) or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or actual performance of the Company may differ materially from those reflected or contemplated in such forward looking statements. No representation

• r warranty is made as to the achievement or reasonableness of and no reliance should be placed on

such forward looking statements.

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Contents

Section: I. Highlights

• II. Financial Performance
• III. Market Backdrop
• IV. Moran Bewley’s Hotel Group
• V. Enlarged Group

Appendix Page: 4 9 14 17 24

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Section I : Highlights

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Highlights

Financial Highlights

• Successful completion of IPO in March 2014 raising €256m net of costs
• Strong operating performance with revenue up 30.4% in 2014
• EBITDA of €6.1m, up 14.2% on 2013
• EBITDA (excluding impacts of acquisitions) rose by 54% to €8.23m

Operational Highlights

• Group RevPAR up 15.7% on a ‘like for like’ basis driven by 13.4% increase in ARR
• Completed acquisition of three hotels for total consideration of €35m
• Invested €3.5m in ongoing capital refurbishment of leased hotels
• IPO proceeds invested 12 months ahead of schedule

Post Year End Highlights

• Since year end, completed transformational acquisition of 9 Moran Bewley hotels for a total consideration of

€453m

• Also completed acquisition of three further hotels for €42m: Clayton Hotel Galway, Whites Hotel Wexford and

Pillo Hotel Galway

• Integration of all new acquisitions well underway
• Announcing today the acquisition of Holiday Inn Hotel in Belfast for £18.5m
• New Clayton brand being rolled out to 13 of our hotels within next 6 months
• Raised a further €48.6m net of costs and negotiated a term loan facility of €282m to part fund the hotel

acquisitions

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Acquisitions Summary

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Mar ‘14 Apr ‘14 May ‘14 Jun ‘14 Jul ‘14 Aug ‘14 Sep ‘14 Oct ‘14 Nov ‘14 Feb ‘15

Maldron Parnell Square, Dublin Purchase Price: €15.3m

3 star hotel with 126 rooms

Maldron Pearse Street, Dublin Purchase Price: €14.4m 3 star hotel with 101 rooms Maldron Hotel Derry, Derry City Purchase Price: £4.4m 3 star hotel with 93 rooms Clayton Hotel, Galway Purchase Price: €16.5m

4 star hotel with 195 rooms

Pillo Hotel, Galway Purchase Price: €10.5m

4 star hotel with 104 rooms

Moran Bewley’s Hotel Group Purchase Price: €453m 9 hotels with 2,506 rooms Whites Hotel, Wexford Purchase Price: €15.2m 4 star hotel with 157 rooms

19 March 2014 Admission to AIM and ESM

Holiday Inn Belfast

• 170 bedroom full 4 star Holiday Inn - £18.5m

– Full leisure centre with pool; 40 car spaces

• Central Belfast location (Ormeau Ave)

– First Dalata owned property in Belfast City – Large urban zone pop > 640k (EU definition) – Circa 47% of visitors from Republic of Ireland

• IRR > 15%

– 2014 EBITDA of £1.4m – initial yield of 7.6% – Will deliver immediate operating efficiencies – Revenue opportunities identified – Target yield by end Year 2 (10%) – Cost per room < £110k

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Enlarged Dalata Group Hotel Portfolio

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Owned Hotels Hotel Rooms

Maldron Hotel Parnell Square, Dublin 126 Maldron Hotel Pearse Street , Dublin 101 Maldron Hotel Derry, Co. Derry 93 Clayton Hotel Oranmore, Co. Galway 195 Clayton Whites Hotel, Wexford 157 Maldron Hotel Galway, Co. Galway 104 Clayton Hotel Cardiff Lane , Dublin (7 suites) 20 Clayton Hotel Dublin Airport 466 Clayton Hotel Ballsbridge , Dublin 304 Clayton Hotel Leopardstown, Dublin 354 Maldron Hotel Newlands Cross, Dublin 299 Clayton Silver Springs Hotel, Co. Cork 109 Clayton Hotel Chiswick, London 123 Clayton Crown Hotel, London 152 Clayton Hotel Leeds 334 Holiday Inn Hotel, Belfast 170

TOTAL 3,107 % Dublin 54% Lease Agreements Hotel Rooms

Clayton Hotel Cardiff Lane , Dublin 284 Maldron Hotel Smithfield, Dublin 92 Maldron Hotel Tallaght ,Dublin 119 Maldron Hotel Galway 113 Maldron Hotel Cork 101 Maldron Hotel Portlaoise 90 Maldron Hotel Wexford 108 Maldron Hotel Limerick 143 Clayton Hotel Cardiff , Wales 216 Maldron Dublin Airport Hotel* 247 Ballsbridge Hotel, Dublin 392 Clyde Court Hotel , Dublin 185 Clayton Hotel Manchester Airport 365

TOTAL 2,455 % Dublin 54% Management Agreements Hotel Rooms

With Receivers 1,043 Diamond Coast Hotel, Co . Sligo 92 Portlaoise Heritage Hotel, Co .Laois 110 Westlodge Hotel, Co. Cork 90 Clarion Hotel Sligo, Co. Sligo 162 Clonmel Park Hotel, Co. Tipperary 99 Fels Point Hotel Tralee, Co. Kerry 165 Pillo Hotel Ashbourne, Co. Meath 148 Hotel Ballina, Co. Mayo 87 Dundrum House Hotel, Co. Tipperary 68 Ten Square Hotel, Belfast 22 Directly with Owners 975 Cavan Crystal Hotel, Co. Cavan** 85 Maldron Hotel, Belfast 104 Best Western Plus Academy Plaza Hotel, Dublin 304 Shamrock Lodge Hotel, Co. Westmeath 51 The Belvedere Hotel, Dublin 92 Nuremore Hotel & Country Club, Co. Monaghan 72 Fitzwilton Hotel, Co. Waterford 89 Aghadoe Heights Hotel & Spa (Co Kerry) 74 Shearwater Hotel, Ballinasloe, Co. Galway 104

Total 2,018 % Dublin 20% Summary by Hotel Category Hotels Rooms Owned 15 3,107 Leased 13 2,455 Mgmt Agreement – Receivers 10 1,043 Mgmt Agreement – Owners 9 975 TOTAL 47 7,580

* Not a leasehold interest, operated under an operating agreement with the landlord ** Previously operated under a management agreement with a receiver

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Section II : Financial Performance

Overall Summary

• Total revenue increased by 30.4% driven by

– The addition of two new leased properties in Nov 2013 & Jan 2014 – 10.8% increase in revenues in leased hotels on a ‘like for like’ basis – 5.4% increase in income from management properties

• Segments EBITDAR increased by 32% to €29.6m on

back of strong conversion of revenues to EBITDAR which grew margin from 31.1% to 32.8% for owned & leased properties

• €2.27m of central overhead relates to professional

fees on acquisition activities; €0.55m relates to stamp duty on the acquisitions of Maldron Pearse Street and Derry hotels. Excluding these factors, central overheads increased by €1.2m reflecting a planned investment in central office team, to support the enlarged group.

• EBITDA grew 54% to €8.23m (excluding the impact
• f acquisitions)

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Summary

Full year 12 months 31 Dec 2014 €’000 Audited Full year 12 months 31 Dec 2013 €’000 Audited Key Financials Revenue 79,073 60,617 Segments EBITDAR 29,637 22,447 Rent (16,221) (13,828) Segments EBITDA 13,416 8,619 Central Overheads (7,319) (3,279) EBITDA 6,097 5,340 EBITDA (excluding impact of acquisitions) 8,230 5,340

Highlights

KPIs 2014 2013 Occupancy 75.3% 73.8% Average Room Rate (€) 76.4 68.3 RevPAR (€) 57.5 50.4

Leased & Owned Hotels

• Total revenue up 32.8%
• Like for like revenue up 10.8% driven by 15.7%

increase in RevPAR – Dublin RevPAR up 14.9% – Regional Ireland RevPAR up 12.7% – Cardiff RevPAR up 16.1% on constant currency basis

• Food sales up only 1.2% reflecting strategy of

switching to ‘room only’ rates

• EBITDAR margin up from 31.1% to 32.8% due to

strong conversion of increased RevPARs and higher proportion of Dublin hotels

• Rent increased by €2.4m for a combination of

reasons: – Entered into new leases in Maldron Dublin Airport (Jan 14) and Tallaght (Dec 13) – Additional performance related rent in Ballsbridge & Clyde Court hotels – Purchase of Maldron Parnell Square freehold in Aug resulted in €0.4m saving in rent – Restructuring of leases in existing properties resulted in rent savings

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Leased and Owned Hotels

Full year 12 months 31 Dec 2014 €’000 Audited Full year 12 months 31 Dec 2013 €’000 Audited Revenue 73,626 55,447 EBITDAR 24,190 17,277 Rent (16,221) (13,828) EBITDA 7,969 3,449

Highlights

Dublin – Like For Like 2014 2013 Occupancy 81.3% 81.5% Average Room Rate (€) 84.5 73.4 RevPAR (€) 68.7 59.8 Regional Ireland – Like for Like 2014 2013 Occupancy 62.3% 58.3% Average Room Rate (€) 61.8 58.4 RevPAR (€) 38.5 34.1

Managed Hotels

• Income from managed properties up 5.4%
• As expected, the number of hotels under

management is falling as receivers dispose of hotels in the recovering market: – Gained 10 new contracts in 2014 but lost 9 – Large Citywest contract terminated as expected in Jan 2015 – Springhill Court terminated in Feb 2015 – Clayton, Whites & Pillo switched from managed to owned segments since year end

• Currently manage 10 hotels for receivers and 9

hotels directly for owners

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Hotel management services

Full year 12 months 31 Dec 2014 €’000 Audited Full year 12 months 31 Dec 2013 €’000 Audited Key Financials Revenue 5,447 5,170 Segment EBITDA Contribution to Central Overhead 5,447 5,170

• No central overhead is allocated directly

to managed services segment

Hotel management services Highlights

Balance Sheet at Year End

• Balance sheet in 2014 was transformed by the IPO

with net €256m in cash raised

• Significant increase in fixed assets due to purchase
• f three hotels for €35m, upward revaluation of

Parnell Square by €8.4m and capital investment in leased properties

• €4.1m of deposits on acquisitions included in non

current receivables

• Prepayments include €2.3m in costs related to the

Moran Bewley’s Hotel Group (“Moran Bewley’s” or “MBG”) transaction

• Shareholder loans converted as part of the group

restructuring that took place at the time of the IPO

• Bank loans were repaid with proceeds of IPO
• €282m facility was taken out in Feb 2015 to part

fund Moran Bewley’s transaction

• Accruals include €4m relating to fees and costs for

Moran Bewley’s transaction

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Summary

31 Dec 2014 €’000 Audited 31 Dec 2013 €’000 Audited Non-current assets Property, plant & equipment 53,542 4,990 Goodwill, receivables, def tax 12,634 7,937 66,176 12,927 Current assets Trade receivables, prepayments, stock 10,137 6,580 Cash and cash equivalents 217,807 4,940 227,944 11,520 Total assets 294,120 24,447 Equity 272,713 (50,248) Shareholder loans & accrued interest

• 54,725

Bank loans

• 9,000

Deferred tax 960

• Trade and other payables

20,447 10,970 Total liabilities 294,120 24,447

Highlights

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Section III : Market Backdrop

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Irish Market Performance

An 8.9% increase in visitor numbers in 2014 and continued improvement in domestic economy is delivering higher RevPARs in Irish City Markets

2014 ADR 2014 Occ 2014 RevPAR RevPAR Growth 2014 Dublin €96.2 78.3% €75.4 11.1% Belfast £60.5 76.1% £46.0 5.7% Cork €72.4 76.3% €55.3 8.9% Galway €76.6 72.2% €55.3 7.6% Limerick €54.0 63.0% €34.0 14.3%

• Dublin: Continues to be very strong due to rising demand and limited new supply. Primarily driven by ADR growth in
• 2014. STR are forecasting RevPAR growth of 8.8% in 2015 and 8% in 2016 (highest growth rates in Europe). ADR still

below cities such as Edinburgh, Brussels, Frankfurt and Barcelona and only on a par with Manchester

• Belfast: Recovery started in 2012 and recovery has been strong since then. STR forecasting 2% growth in RevPAR for

2015

• Cork: Recovery started in 2013 with recovery in occupancies. Increase in 2014 was driven primarily by ADR
• Galway: Modest recovery began in 2013. Solid start to 2014 was followed by a very strong summer/autumn

performance

• Limerick: City is heavily oversupplied due to over development in boom years. City occupancy is slowly recovering

and outlook helped by closure of some hotel rooms in last 2 years. Strong 2014 growth but against a very low base in 2013

Source: STR Global & trending.ie

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2014 ADR 2014 Occ 2014 RevPAR RevPAR Growth 2014 London £140 83% £116 3.5% Leeds £61.52 77.9% £47.90 12.5% Manchester £70.02 78.7% £55.12 10.3% Cardiff £61.94 75.8% £46.95 14.5%

UK Hotel Market Performance

• London – another strong year in London with highest occupancy rate for capital city in Europe. STR forecasting

RevPAR growth of 4.6% for 2015 (third highest in Europe). Rugby World Cup expected to be very positive for city in the Autumn

• Provincial UK – most of the major provincial cities in the UK recovered strongly in 2014 after a number of

challenging years. Domestic economy is the key driver

• UK economy - grew by 2.6% in 2014 and unemployment down to 6% - the continued recovery is positive for

the hotel industry

Source: STR Global

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Section IV : Moran Bewley’s Hotel Group

Acquisition of Moran Bewley’s Hotel Group

• Acquisition of the Moran Bewley’s Hotel Group, which owned and operated a portfolio of 9 hotels,

for €453m

• Rare opportunity to acquire a large well invested portfolio of 3 and 4 star hotels with 2,506

rooms

• Strengthens the Group’s position as leading hotel operator in the Dublin market (over 50% of

rooms are in Dublin)

• Establishes Company’s presence in key UK cities and provides a platform for further growth
• Opportunity to rebrand a number of hotels to 4 star hotels and exploit higher room rates
• Significant development opportunities across the portfolio of acquired hotels
• Significant level of cost synergies to be extracted through leverage of existing Dalata platform
• Proposed acquisition is in line with Dalata’s 15% pre tax leveraged return hurdle
• IPO proceeds fully invested well ahead of schedule in a market experiencing significant

improvement

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• €453m cash consideration financed by combination of:

– €282m in new debt facilities – vendor placing of 12.2m shares (10%) of existing issued share capital of Dalata – balance from available cash on hand

• Additional placing of 6.1m shares (5%) to provide additional financing headroom for Dalata

Acquisition Financing Rationale

3 1 2 4 5

• Co. Dublin

6 7 8 9

Moran Bewley’s Hotel Group

Acquisition of 9 hotels in February 2015 for €453m

• Premier 3 / 4 star hotel group with various

hotels across Ireland and the UK

• Bank led debt restructuring completed in

2013

• Vendors were AIB plc, Bank of Ireland plc,

Canyon Capital and the Moran Family

• Comprises 9 hotels (2,506 rooms) across 2

brands: – Moran: 3 hotels with 4 star rating (2 in London and 1 in Cork) – Bewleys: 6 hotels with 3 star rating (4 in Dublin, 1 in Manchester, and 1 in Leeds)

• 8 of the 9 hotels owned on a freehold basis,

with 1 hotel owned on a long leasehold basis (Manchester)

• Large well invested hotels
• Material extension ongoing at Chiswick Hotel

(London)

• Employed c.1,172 employees at acquisition

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61% 39% Ireland UK

No of Rooms FY14E Revenue Moran Hotels

1 Crown Moran Hotel London 2 Chiswick Moran Hotel London 3 Silver Springs Moran Hotel Cork 4 Bewley’s Hotel Leeds 5 Bewley’s Hotel Manchester 6 Bewley’s Hotel Ballsbridge 7 Leopardstown Bewley’s Hotel 8 Newland Cross Bewley’s Hotel 9 Dublin Airport Bewley’s Hotel

Bewley’s Hotels FY14 Revenue

61% 33% 6% Rooms F&B Other 51% 17% 32% Dublin London Other Moran Bewley’s Hotel Group Management Information

2.4% 0.6% 3.5% 2.2% 8.5% 2.9% 6.6% 10.1% 11.1% 3.5% 10.3% 12.5%

Dublin London Manchester Leeds Occupancy Average Room Rate RevPar

• 8.9% increase in total tourist trips to

Ireland yoy in 2014

• Event activity continues to be strong in

Dublin – RevPAR grew over 11% in 2014

• Cities outside Dublin recovering strongly

with no prospect of supply increases

• Strong RevPAR growth also evident

across all sectors of UK market

• Manchester and Leeds are two of the

strongest regional performers in the UK market

• 98 bedroom and new conference &

banqueting extension currently underway in Chiswick Moran

• Estimated cost to Dalata of completion is

£7m

• Expected completion date in Q4 2015
• Full year benefit of extension in FY16
• FY14 RevPAR of approximately £102
• Other opportunities in Dublin Airport and

Bewleys Ballsbridge

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Revenue Growth

3 key drivers

Market Growth Dalata Yield Management

• Implement Dalata’s decentralised

revenue management model

• Opportunity to rebrand and

reposition most hotels to 4 star hotels

• Cardiff Lane FY14 RevPAR forecast
• f €80 vs MBG Ballsbridge FY14

RevPAR forecast of €70.94

Underlying key metrics experienced strong growth in 2014

Source: STR, trending.ie

Development Initiatives

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Integration Progressing as Planned

• Moran Bewley’s head office function will be closed by end of March through combination of redundancies,

redeployments to hotels and small number transferred to Dalata Central Office – All revenue and accounting functions decentralised to the individual hotels – Group Sales, Marketing, Legal and Human Resources functions being wound down – Group Purchasing function subsumed into Dalata Group Purchasing

• Estimated full year annual savings of approximately €3.2m
• Detailed review taking place of costs and revenue opportunities with 2015 budgets for all 9 properties to be

completed by the end of March

• Dalata suppliers introduced to Irish hotels by end of February, plan for UK hotels currently under consideration
• Plan on track to rebrand three Moran hotels to Clayton by start of May. Bewleys hotels to follow over months of

May, June and July. Have agreed to retain Bewleys name for distribution purposes until end of 2015.

• Ballsbridge hotel re-rated to 4 star
• Development project at Chiswick now fully under Dalata management – some changes being made to interior design

and layouts. Project due to complete during Q4 of 2015

• Review of potential development opportunities at other properties already underway

Brand Proposition

Hotels that provide a gateway to a great experience – see a show, attend an event or visit tourist attractions. Service delivered with a smile and a fun attitude.

Bedrooms

Generally standard rooms with Executive rooms in some locations

Food & Beverage

Integrated bar/restaurant in some

• locations. Simple menus made from fresh

quality produce.

Conference Facilities

Meeting room facilities

Target Customers

Corporate and Lesiure but focus on leisure – family friendly.

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Brand Proposition

Hotels that are different because

• f the little differences

experienced throughout the

• hotel. Service delivered by staff

who are warm, engaging, inquisitive and empathetic.

Bedrooms

Standard and executive room

• fferings.

Food & Beverage

Modern bar, restaurant and coffee

• area. Food & Beverage offering

based on local influences.

Conference Facilities

Extensive conference and meeting room facilities.

Target Customers

Focus on corporate and conference during week. Leisure, functions & weddings at weekend

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Section V : Enlarged Group

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Enlarged Dalata Group

• Enlarged Dalata Group is a large hotel operator with 7,580 rooms in 47 hotels

across Ireland and the UK: – 15 hotels with 3,107 rooms on an freehold / freehold equivalent basis – 13 hotels with 2,455 rooms on a leasehold / operating agreement basis – 19 hotels with 2,018 rooms under management agreements

• 38 hotels with 6,001 rooms (79%) are located in Irish market (excluding NI):

– Fully developed footprint in key Dublin market with 3,385 rooms – Dublin rooms comprise c.45% of the Enlarged Dalata Group overall rooms

• Significant presence established in the UK with 1,579 rooms across 9 hotels:

– Provides exposure to attractive hotel markets in London, Manchester and Leeds in addition to existing UK assets (Belfast, Derry and Cardiff) – Provides a platform for further growth in the UK

• Branding and market positioning will include:

– Approximately 13 hotels under new Clayton brand – Remaining owned and leased hotels will sit under existing Maldron brand (excluding Ballsbridge Hotel and the Clyde Court Hotel)

41% 32% 27%

Owned /freehold Leasehold Management Agreements

45% 34% 21%

Dublin Rooms Rest of Ireland Rooms UK Rooms

79% 21%

Ireland Rooms UK Rooms

Enlarged Dalata Group Strategy

• Focus on maximising profitability of hotel portfolio in Ireland and the UK through the following;

– rebranding and repositioning of existing hotel portfolio – hotel rebranding exercise to be complete by Sept 2015 – increasing RevPAR via improved revenue management techniques – revenue management at new properties now decentralised – increase Food & Beverage sales, Leisure Centre sales and Car Park revenue throughout portfolio given economic recovery in markets in which we operate – driving economies of scale through a range of functional areas including sales and marketing, company purchasing and central office costs – integration process well underway

• Enlarged Dalata Group will;

– continue look at in-fill acquisition opportunities in Ireland – continue to look at further leasehold hotel assets and hotel management opportunities in Ireland – seek to undertake and maximise the development opportunities within the portfolio – utilise strong free cash flows to reduce gearing levels consistently over next number of years

• Progressive dividend policy in medium term future

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Appendices

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Corporate Background

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• Oct 2005: Jurys Doyle Hotel Group taken private – Pat McCann, CEO
• Jun 2007: Jurys Inn division sold to Quinlan Private, remaining 4 and 5 star hotels rebranded as

the Doyle Collection

• Aug 2007: Led by Pat McCann and some of the Jurys Doyle management team, Dalata Hotel

Group Ltd established to acquire an operating business of 11 leased hotels in Ireland from Choice Hotels Ireland

• Mar 2009: Dalata Management Services Limited set up to provide operational and management

expertise to hotel asset owners and funders

• Mar 2014: Dalata Hotel Group floats on ESM(Dublin) and AIM (London) and raises €265m to

purchase hotel assets

• June 2014 – Mar 2015: Acquisition of 7 separate hotels in Ireland
• February 2015: Completion of acquisition of the Moran Bewley’s Hotel Group
• Current Portfolio of 7,580 hotels

— Ireland: 3,385 in Dublin; 2,616 in remainder of Ireland — UK: Significant presence established in the UK with 1,579 rooms across 7 hotels

MBG – Irish Hotels

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• All modern purpose built and well invested hotels constructed between 1996 and 2007 (with exception of Silver Springs)
• Large and well located hotels with rooms ranging from 299 to 466 (with exception of Silver Springs)
• In total, the Group gains a further 1,423 rooms in the attractive Dublin hotel market

Star rating: 3* Ownership: Freehold Rooms: 466 rooms Other Facilities: Restaurant, 2 bars, coffee dock, function room, 16 meetings rooms , and fitness suite Year built: 2007

Bewley’s Hotel Newlands Cross, Dublin

Star rating: 3* Ownership: Freehold Rooms: 304 rooms Other Facilities: Bar, restaurant and 8 conference suites Year built: 1989 - 1999 Star rating: 3* Ownership: Freehold Rooms: 354 rooms Other Facilities: Fitness room, bar, coffee dock and 13 conference suites Year built: 2003

Bewley’s Hotel Dublin Airport Bewley’s Hotel Leopardstown, Dublin Bewley’s Hotel Ballsbridge, Dublin Silver Springs Moran Hotel, Cork

Star rating: 3* Ownership: Freehold Rooms: 299 rooms Other Facilities: Fitness room, restaurant and 10 conference suites Year built: 1996 Star rating: 4* Ownership: Freehold Rooms: 109 rooms Other Facilities: Bar/restaurant, leisure centre and 12 conference suites Year built: 1963

MBG – UK Hotels

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• Both Chiswick Moran and Crown Moran hotels are modern buildings located in attractive London market
• Chiswick Hotel to complete significant expansion with 98 new bedrooms and new conferencing & banqueting facilities by end of 2015
• In total, the Enlarged Dalata Group presence in the UK is expanded to 1,387 bedrooms in very attractive markets

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Chiswick Moran Hotel, London Bewley’s Hotel Manchester Airport Crown Moran Hotel, London Bewley’s Hotel Leeds

Star rating: 4* Ownership: Freehold Rooms: 123 rooms Other Facilities: Bar, restaurant, fitness centre and 5 meeting rooms Year built: 2004 Star rating: 4* Ownership: Freehold Rooms: 152 rooms Other Facilities: Bar, restaurant, leisure centre, swimming pool and conference facilities for up to 300 people Year built: 2003 Star rating: 3* Ownership: Long leasehold Rooms: 365 rooms Other Facilities: Fitness room, restaurant and 25 meeting rooms Year built: 1996 Star rating: 3* Ownership: Freehold Rooms: 334 rooms Other Facilities: Fitness room, bar, restaurant and 9 meeting rooms Year built: 2004

Key Contacts

Pat McCann Chief Executive pmccann@dalatahotelgroup.com Dermot Crowley Deputy Chief Executive - Business Development & Finance dcrowley@dalatahotelgroup.com Address: Dalata Hotel Group plc 4th Floor, Burton Court Burton Hall Drive Sandyford Dublin 18 Tel: +353 (0)1 206 9400 Fax: +353 (0)1 206 9401 31