Dalata ends spending spree
Dalata, the country’s biggest hotel operator, has ended its spending spree after splashing out close to €600 million over the last year on properties in Ireland and Britain.
Dalata chief executive Pat McCann told The Sunday Business Post that the company had used up all its available equity and debt facilities in the year since it joined the stock exchange.
He also cited the lack of visibility on the number of hotels being brought to market as a reason not to seek more funds to spend on acquisitions.
Dalata plans to begin returning cash to its investors in 2016 with its ...
