National law firm Shoosmiths has advised Hotel La Tour Limited on its sale of the entire share capital of Hotel La Tour Birmingham Limited (which operates Hotel La Tour in Birmingham) to Dalata UK Ltd (part of Dalata Hotel Group Plc).
Birmingham's Hotel La Tour is a 4 star premium hotel, based in Birmingham's Eastside district adjacent to HS2's Curzon Street terminus in the centre of the city. Last year, the hotel scooped the Top Rated Hotel award in the Laterooms.com Simply the Guest Awards 2016. Opened in 2012 the purpose built hotel boasts174 bedrooms, restaurant and bar, a dedicated conference and event floor, gym and has the potential to add further bedrooms.
Dalata is the largest hotel operator in Ireland and operates the Maldron Hotel brand and Clayton Hotel brand throughout Ireland & the UK, as well as managing a portfolio of partner hotels. The group has a current portfolio of 37 three and four star hotels with over 7,500 rooms. Hotel La Tour will be rebranded as a Clayton hotel in the final quarter of this year.
Corporate partner, Ben Turner, led the deal and was assisted by Georgina Rennie (associate), Helen Burnell (solicitor) and Alice Sedgley (paralegal). Kate Featherstone (tax partner) and James Needham (real estate partner) also lent their specialist expertise to the transaction.
Peter Grose, director at Hotel La Tour, said: "Ben and the team at Shoosmiths have provided us with first-class advice from the very start - having a legal team that has the strength, depth and expertise across the board in various specialisms such as corporate, tax and real estate has helped tremendously in this deal. We are rightly proud of Hotel la Tour's reputation as one of the best known and best-loved premium hotels in the West Midlands market and are confident that this reputation will continue to thrive under Dalata's ownership."
Shoosmiths' Ben Turner, said: "Hotel La Tour has within a short period of time established itself as an iconic Birmingham hotel and that is testament to the hard work of the management team. It was a pleasure to work with Peter and the team at Hotel La Tour on this important deal which represents the largest hotel transaction in Birmingham this year both in terms of lot size and price per room. Shoosmiths has a number of 'best-in-class' specialists in the hotel sector who are well-versed in advising buyers and sellers across the sector."
Shoosmiths' corporate team advises public and private companies, management teams, investors and debt providers through the business life cycle. Shoosmiths work with businesses from start-up and first round finance through to mergers and acquisitions, MBO and MBI transactions, development funding and on exits, by way of sale, listing or private equity investment.
Nationally, the corporate team is ranked in first place by deal volume in Experian's 2016 MarketIQ UK & Ireland M&A league tables. The team was recognised for its mergers and acquisitions expertise at the 2015 M&A Awards, winning the Law Firm of the Year category.