Dalata Hotel Group plc (ISE:DHG) exchanged contracts to acquire Hintergard Limited from an international private equity real estate investor for £91 million on August 28, 2018. With the acquisition, Dalata Hotel is acquiring long leasehold interest of a hotel under development, in London. The hotel will be branded Clayton Hotel Aldgate London. The consideration will be funded by an additional £100 million revolving credit facility which has been secured from the Dalata Hotel’s existing banking partners. The deal is conditional on the completion of the hotel to an agreed specification. The hotel is projected to be earnings per share enhancing from its first year of operation. Andrew Glaze, Claire O'Connor, Geoff Perry, Nick Green, Anita Shanghavi, Patrick Ryan, Graeme Bradley, Stephen Evans, Tim Jarvis, Stephanie Perraton and Garon Anthony of Squire Patton Boggs (UK) LLP acted as legal advisors to Dalata Hotel Group. Gibson, Dunn & Crutcher LLP acted as legal advisor to Hintergard. Jeff Harris and Alex Karski of BDO LLP acted as due diligence providers to Dalata Hotel Group plc. Dalata Hotel Group plc (ISE:DHG) completed the acquisition of Hintergard Limited from an international private equity real estate investor on January 3, 2019.