UBS downgrades Dalata Hotel stock to Neutral following Pandox offer

Published 16/07/2025, 08:50
UBS downgrades Dalata Hotel stock to Neutral following Pandox offer

Investing.com - UBS downgraded Dalata Hotel Group PLC (LON:DHG) from Buy to Neutral with a price target of GBP6.70 following a recommended cash offer for the company.

On July 15, 2025, Pandox Ireland, a newly incorporated company wholly owned by Pandox and Eiendomsspar, announced a recommended €6.45 cash offer for Dalata Hotel Group.

The offer represents approximately a 36% premium to Dalata’s closing price prior to the strategic review announcement, according to UBS analyst Jarrod Castle.

A framework agreement has been established with Pandox’s long-term operating partner Scandic Hotels, which will serve as an operating partner for the existing Dalata portfolio.

The offer will be implemented by a scheme of arrangement and comes at a discount to Dalata’s last reported net asset value of €6.67 and its July 14 closing share price of €6.54, the day before the recommended offer was announced.

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