Hotel & Restaurant Sector

Dalata experienced adjusted EBITDA loss of €3.6m during Q1 2021

Hospitality Ireland – 29.04.2021

Dalata Hotel Group plc has revealed that it experienced an adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) loss of €3.6 million during the first quarter of 2021. According to the group's Chairman, John Hennessy, "The Covid-19 pandemic continues to have a significant impact on our business and daily lives. Since the start of January, our hotels have been closed to the general public, serving customers related to essential services only. For the first quarter of 2021, occupancies at our hotels were 14% in Dublin, 16% in regional Ireland and 13% in the UK.” Outlining its current development pipeline, Dalata stated, “We expect the Samuel Hotel and Maldron Hotel Merrion Road to open in Q4 2021 and Q2 2022, respectively. Planning permission has been approved for Maldron Hotel Croke Park in Dublin, with the hotel on track to open in Q1 2024."

Irish chicken and burger concept Coqbull opens second London site

Propel Info News – 14.04.2021

Coqbull, the Irish chicken and burger concept from East London Pub co-founder Patrick Frawley, has opened its second site in the capital. The brand, which operates three sites in Ireland, has taken over the former Blixen restaurant site in Brushfield Street, Spitalfields. Last year, the company took on the former Jamie’s Italian site in Denman Street, for a flagship opening under the brand, which made its London debut earlier in 2020 with a residency at East London Pub Co’s The Lock Tavern in Camden. Founded in 2015, Coqbull has three restaurants in Cork and Limerick.