09-11-2015, 03:05 PM
Ireland’s largest hotel company, Dublin-based Dalata Hotel Group with 41 hotels and more than 7,000 rooms, has announced its intention to undertake a share offering at €3.75 per share to raise gross proceeds of approximately €160 million (US$179 million). The offering will be principally used to finance further hotel acquisitions, development capital expenditure on existing assets as well as new build opportunities. -