Finance

Dalata takes Covid-19 hit and taps investors in fundraising

By 2020-09-01T07:39:00

Dalata Aldgate Place

Dalata Hotel Group swung to a loss during the first half of the year as the Covid-19 lockdown led to a record fall in occupancy at its Irish and UK properties.

For the six-months to the end of June the company reported a pre-tax loss of €70.9m (£63.3m), compared with a profit of €37.8m during the same period last year, as revenue fell 60% to €80.8m.

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