Financing of a portfolio of five lifestyle hotels: The Hoxton & Mama Shelter
Aareal Bank has successfully provided a loan of approximately EUR 200 million to finance the acquisition of a pan-European hotel portfolio of five lifestyle assets under the Hoxton and Mama Shelter brands. The properties are located in European gateway cities: Amsterdam, Edinburgh, Florence, Prague, and Rome.
"We are delighted to provide financing for Cedar Capital to advance this portfolio of lifestyle hotels across Europe through its next growth stage. The sector is highly demanding, and the success of an investment depends not only on the location and quality of the property but also on the selection of the right operator, the right brand positioning, and a good interaction between owner and operator. We consider all these aspects to be well fulfilled in this portfolio."
Michelle Weiss
Head of Hotel Properties at Aareal Bank