Acquisition of Hintergard Limited by Dalata

BDO provided financial and tax due diligence services to Dalata on its acquisition of Hintergard Limited, which owns a 300 year lease over a new Hotel in Aldgate, London.

Ireland’s largest hotel operator, Dalata, has completed the acquisition of a new hotel in Aldgate, London, ahead of its opening later this month.

The 212-room hotel will be branded Clayton Hotel City of London.

The Irish-based hotel group announced the deal in August 2018, when the hotel was under construction, saying it would pay about €100 million for Hintergard, which owns the 300-year leasehold of the hotel. 
Dalata operates the Clayton and Maldron hotels across Ireland and Britain.