Michael Murray: Dalata is not for the faint-hearted, but its top class management team has the potential to achieve something special

Before buying shares in the hotel sector, investors usually have the opportunity to visit and inspect the investee company's operating assets. And to test them -for management quality, operating efficiency, ambience, occupancy levels, and service quality.

In that regard, some prospective investors might regard Dalata as a pig in a poke''. We don't know yet what specific assets management will buy - and at what price - with the Euro 255 million net ...