Dalata chief executive steps down as hotel group suffers €101m losses
Pat McCann will resign after Ireland’s largest hotel chain sees revenue fall by 68 per cent in 2020 due to pandemic
Dalata Hotel Group, which owns the Maldron and Clayton titles, has recorded a 68 per cent revenue drop during the pandemic, with its chief executive set to depart after an “unprecedented year of challenge”.
Pat McCann said he would resign as chief executive of Ireland’s largest hotel group after 14 years – a move that came as the company recorded losses of €101 million after tax in 2020.
Revenues fell from €429.2 million in...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Kerry Group pulls out of €700m joint venture talks with Kerry Co-op
Bid by farmers’ co-op to buy 60 per cent of company’s dairy business fails
Lakeland Dairies reports double-digit growth in profits
The farmer owned dairy co-op recorded a 27 per cent increase in operating profits in 2020 despite the challenges created by the pandemic