Dalata Hotel Group is to undertake a share placing in order to raise around €160m (£116.5m) to finance further hotel acquisitions, development and new-build opportunities.
The Dublin-based firm will issue more than 42m shares at €3.75 per share.
It also posted a half-year revenue of 180% to €97.7m, delivering EBITDA of €23.6m before one-off items.
Group profit before tax stood at €2.7m.
