BlackRock discloses stake in Dalata Hotel Group

LONDON - BlackRock (NYSE:BLK), Inc., the world’s largest asset manager, has disclosed a significant stake in Dalata Hotel Group plc, according to a filing with the Irish Takeover Panel. The disclosure, dated May 12, 2025, revealed that BlackRock now owns 5,246,202 shares, representing a 2.48% interest in the hotel group.

The filing also showed that BlackRock holds a further 1,194,842 shares through cash-settled derivatives, which equates to a 0.56% short position in the company. This information was made public in accordance with the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which requires parties holding interests in relevant securities of 1% or more to disclose their position.

In addition to its direct holdings, BlackRock reported purchasing 7,766 ordinary shares of Dalata Hotel Group on Monday, May 9, 2025, at a price of EUR 5.2427 per share. No other dealings in the company’s securities were reported by BlackRock, nor were there any disclosures of indemnity or other dealing arrangements that could be an inducement to deal or refrain from dealing in the securities.

Dalata Hotel Group plc is a leading hotel operator in Ireland, with a growing presence in the United Kingdom (TADAWUL:4280). The company operates under multiple brands and has been expanding its portfolio of properties in recent years.

The disclosure by BlackRock may be of interest to investors and market observers as it reflects the asset manager’s investment decisions and view on the hotel sector. The reported stake and transactions are based on a press release statement and are subject to the regulatory framework governing market disclosures.

This strategic move by BlackRock comes at a time when the hospitality industry is navigating a post-pandemic recovery, with many investors closely monitoring the sector for growth opportunities. Dalata Hotel Group’s performance and BlackRock’s investment activities will likely continue to be watched by stakeholders and analysts alike.

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