UK: Aareal Bank provided a loan to investment firm Starwood Capital Group for the acquisition of eight assets within the Radisson Blu Edwardian London portfolio.
BHN talks to Paola Orneli Bock, VP hotel properties, Aareal Bank AG, about the impact of refinancing on expected levels of distress, as well as advice for borrowers this year. Filmed at the Atlantic Ocean Hotel Investors’ Summit (AOHIS), hosted at the NH Collection Eurobuilding Hotel, Madrid.
UK: London + Regional Hotels (L+R) have received a senior loan from Aareal Bank to refinance the rebranding of the Nobu Hotel London Portman Square.
Worldwide: IHM’s editorial team [George Sell, editor-in-chief; Paul Stevens, editor – short-term rentals; and Eloise Hanson [editor – hospitality] provide a glimpse into what to expect for the travel, hospitality and real estate sectors in 2024 in our annual A-Z article.
The Netherlands: Amsterdam-based boutique hotel group citizenM has secured a dual currency €243.3 million and £201.7 million sustainability-linked loan (SLL).
UK: Aareal Bank has closed a green loan agreement with an affiliate of Cerberus Capital Management (CCM) and Highgate to refinance the purchase of Dorsett City London hotel. Early in October 2021, CCM and Highgate announced the acquisition of the 267-key Dorsett City London Hotel and the 130-unit Grosvenor House