Revenue at hotel group Dalata rose by 31 per cent in the first six months of the year, up to €35 million, as the group benefited from strong growth in the tou
rist sector and an improvement in domestic consumer sentiment. Chief executive Pat McCann (pictured) also disclosed that it is to buy the Tower Hotel in Derry, Londonderry for £4.4 million (€5.5m)and will continue to pursue further acquisitions.
In the six months to June 30th, earnings (EBITDA) at Dalata rose to €2.4 million from € 0.9m in the same period in 2013, while pre-tax profits stood at €943,000, up from a loss of €1.7m in the same period in 2013. Profit growth was derived from a combination of additional management contracts and favourable market conditions in the leased and owned business across all hotels, the company said.