| Item | 2014 result |
|---|---|
| NAV | €644m |
| Profit | €22m |
| Gross asset value | €1bn |
| Total debt | €240m |
Hotel investor Dolphin Capital is to sell off its non-core assets to focus on key investments.
Funds raised will be used to invest in core projects that require funding, including the Ritz Carlton phase of Pearl Island in Panama and Kilada Hills Golf Resort in Greece.
The announcement comes in the company’s results for the year ending 31 December 2014, which show NAV rising by 2.1% to €644m (£467m).
The company reported a profit of €22m in its first annual results report since 2007.
Dolphin’s gross assets were valued at €1bn and its total debt was €240m.
The group said it intended to raise €75m through a share issue.
