19th Nov 2024 10:55
Dalata Hotel Group PLC - Dublin-based operator of the Maldron and Clayton hotel chains - Exchanges contracts for the sale of the Clayton Whites Hotel in Wexford to Neville Hotels for EUR21 million.
The transaction is expected to be completed in January and follows Dalata's ongoing strategy to streamline its portfolio and focus on core markets. Proceeds from the transaction will be returned to shareholders through Dalata's current share buyback programme.
Current stock price: 364.00 pence, down 4.7% in London on Tuesday
12-month change: down 5.7%
By Eva Castanedo, Alliance News reporter
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