Profits at Ireland's Dalata Hotel Group rose to €28.5 million last year, a strong sign of the country’s booming central hotel trade.
In total, the Group’s revenue increased by 185 percent to €225.7 million for 2015. FFT credits the growth to the company’s buying spree during the year, which included 15 hotels, nine of which had been purchased from Moran Bewleys. Toward the end of the year, the group also purchased the Tara Towers Hotel in Dublin for €13.2 million, and bought a site in the center of Dublin for €11.9 million to build a new 181-room Clayton hotel.
In total, Dalata controls and leases over 7,700 rooms across Ireland and the UK, and more acquisitions may be in store, as the company still has €130 million remaining for further growth.