PPHE and Dalata poised

Owner operators Dalata and PPHE are poised for an asset-backed relaunch, as the pair prepare for the reopening of the UK market, where both have a substantial presence.   Despite both posting substantial losses for full year 2020, they are looking forward to reopening and pushing forward with strong growth pipelines.   “We’re impatient for the recovery […]

Dalata swings to £97m loss, CEO to step down

Dalata Hotel Group has announced its profit before tax plunged 224.3% to a loss of €112m (£96.9m) in its full-year ended 31 December 2020, down from a previous profit of €89.7m (£77.6m) reported in 2019. The group’s adjusted EBITDA also saw a fall of 88.5% to €18.7m (£16.1m) in the period, down from €162.2m (£140m) […]