Professional
Added to YB: 2024-08-09
Pitch date: 2024-07-26
DAL.L [bullish]
Dalata Hotel Group plc
+59.12%
current return
Author Info
No bio for this author
Company Info
Dalata Hotel Group plc owns, leases, and manages hotels under the Maldron Hotels and Clayton Hotels brand names in Dublin, Regional Ireland, the United Kingdom, and Continental Europe.
Market Cap
EUR 1.1B
Pitch Price
EUR 3.41
Price Target
N/A
Dividend
2.38%
EV/EBITDA
9.13
P/E
14.90
EV/Sales
3.25
Sector
Hotels, Restaurants and Leisure
Category
value
Palm Harbour Capital Portfolio Holding: Dalata Hotel Group plc
DAL.L: RevPAR -4% YTD but +3% May/Jun. UK expansion: 10 hotels added since 2022, 4 more in 2024. Trades below £1.4B (£6.2/share) net asset value, mostly Dublin/London. Excludes €42M 2023 post-rent EBITDA from leases. Skepticism on Dublin supply, but manageable. Summer outlook positive w/ air traffic & events.
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