Dalata CEO announces intention to step down
Dermot Crowley, central to 13 years of growth, will ensure smooth transition before departing later this year.
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Hotel owner and operator
dalatahotelgroup.comLast updated
In short: Dalata was acquired by Pandox for €1.4bn, with Scandic taking over operations, and profits fell 45%.
Dermot Crowley, central to 13 years of growth, will ensure smooth transition before departing later this year.
The group was acquired by Pandox and will have operations managed by Scandic; it owns 56 hotels across four countries and employs over 5,500 people.
Dalata provided details on the scheme of arrangement and next procedural steps.
It reports the vote outcomes, any approvals obtained, and outlines next steps for the transaction.
The boards of Pandox Ireland Tuck Limited ("Bidco") and Dalata Hotel Group plc ("Dalata") are pleased to announce that the scheme of arrangement under Chapter...
Scandic's Dalata deal shows investors can force asset-light splits on undervalued hotel owner-operators. Is PPHE, Meliá, or Whitbread next?
The new framework will be used to acquire Dalata Hotel Group with 56 hotels.
Dermot Crowley has announced his intention to step down as chief executive officer of Dalata Hotel Group later this year.
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