DLA Piper Advised Aareal Bank On EUR 567 Million Refinancing For Hotel Assets
Supporting Aareal Bank was a cross-border and multi-practice DLA Piper team from offices in the UK and Ireland.;
DLA Piper Advised Aareal Bank On EUR 567 Million Refinancing For Hotel Assets
Supporting Aareal Bank was a cross-border and multi-practice DLA Piper team from offices in the UK and Ireland.
DLA Piper has successfully advised Aareal Bank Ag, its long-standing client, in the latter’s roles as facility agent, lender, arranger and security agent in providing Archer Hotel Capital with approximately EUR567 million worth facilities. Refinancing of seven premier hotel properties across Western Europe and supporting ESG-focused capital expenditure at several of these properties will be carried out by the facilities.
There are more than 2,000 rooms in key tourist and travel locations in the seven properties across Dublin, Stockholm, Amsterdam and Paris including the Hilton Schiphol Airport, Renaissance La Défense Paris and Conrad Dublin.
Supporting Aareal Bank was a cross-border and multi-practice DLA Piper team from offices in the UK and Ireland. The team was led by Finance Partner Toby Barker, supported by Partners Elizabeth Bradley, Marcus Lovatt (both Finance); Graham Quinn (Real Estate); senior associates Angus Milne, Claire Cregan (both Finance); Niamh Murphy and Lorcan Doocey (both Real Estate); associates Clarice Chung, Cormac O'Brien and Devanshu Jain (all Finance); and trainee solicitor Clara Brochen-Duran (Finance).
Toby Barker reportedly said: “This transaction underscores the strength and resilience of the European hospitality sector and demonstrates sustained investor confidence in prime hotel assets. Our cross-border team navigated complex structuring considerations, ensuring a seamless execution for all parties.”
"Over the last 12 months, we have supported Aareal Bank's continued involvement in such high-profile transactions, which reaffirms its position as a key player in hospitality and retail real estate financing,” Barker reportedly said.
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