Financing of a pan-European hotel portfolio for Archer Hotel Capital
Aareal Bank closed a EUR 567 million cross-collateralised pan-European facility to refinance seven premier hotel properties across Europe for Archer Hotel Capital. The properties are located in Royal Saint-Honoré Paris and Renaissance Paris Vendôme; Renaissance La Défense Paris; Renaissance Amsterdam; Hilton Schiphol Airport; Conrad Dublin; and Sheraton Stockholm.
The hotel properties constitute a well-diversified portfolio of over 2,000 rooms in prime locations within their respective markets. Archer Hotel Capital self manages most of the assets in the portfolio under Marriott franchises and two assets are managed by Hilton International.
Hotels
Agent, Facility & Security Agent
EUR 567,000,000
Amsterdam, Dublin, Paris and Stockholm
We are proud to strengthen our long-term partnership with Archer Hotel Capital with this complex transaction. We are particularly pleased to support our valued client in unlocking lasting value by carrying out asset improvements with a strong focus on ESG considerations. By integrating ESG criteria into the financing structure, we support the sustainable development of prime hotel assets in major European cities.
Bettina Graef-Parker
Managing Director, Special Property Finance at Aareal Bank