Squire Patton Boggs in Birmingham has advised Ireland’s largest hotel operator, Dalata Hotel Group plc, on an agreement to acquire the long leasehold interest of a hotel under development, located at Aldgate, London, for a total consideration of £91 million. The firm also advised Dalata, which trades under the Clayton Hotels and Maldron Hotels brands, on its acquisition of Hotel du Tour in Birmingham last year.

As part of the transaction, Dalata will acquire the entire issued share capital of Hintergard Limited from Aldgate Hotel Holdco LLC, an investment vehicle of an international private equity real estate investor. Hintergard Limited owns the 300-year leasehold interest of the hotel under development in Aldgate and the transaction is conditional on the completion of the hotel to an agreed specification. The construction of the hotel, which will be branded Clayton Hotel Aldgate London, is expected to be completed and operational towards the end of this year.

The Squire Patton Boggs team advising Dalata Hotel Group was led by Corporate partner Andrew Glaze and included Claire O'Connor, Geoff Perry, Nick Green, Anita Shanghavi, Patrick Ryan, Graeme Bradley, Stephen Evans, Tim Jarvis, Stephanie Perraton and Garon Anthony.