Ireland’s largest hotel group is the centre of speculation over a possible €150 million fund raising.

Dalata Hotel Group issued a stock exchange statement this morning noting weekend press speculation around a potential equity fundraising.

“The board confirms that it keeps all forms of financing under review and will update the market as appropriate,” the company said.

Reports suggested the company would raise the money by issuing new shares in the coming weeks to fund more hotel purchases.

Dalata, which operates 42 hotels, announces it half-year results on Wednesday.

The company raised €265 million in March 2014 through issuing shares and listing on the Alternative Investment Market in London and Dublin’s Enterprise Securities Market.