Winner of Debt Advisor of the Year in the Real Estate Capital 2017 Awards London:
  • Finance:

    Hotel Development

  • Loan Amount:

    €100m

  • Year:

    2014

  • Client:

    Dutch Hotel Group

  • Leading European Hotel group instructed us to refinance and extend their existing facilities against 2 assets they own in a prime location in Amsterdam.
  • The majority of the new facility was to finance the conversion of the two buildings into a 239 key Five Star hotel.
  • Complex deal given operational nature of the assets, the Dutch planning system, the fact that the development program was already underway and that it involved a single project across two separate buildings.
  • The lack of hotel development finance in the Netherlands and the need for a highly structured facility meant that we had to be creative in our approach. Following a competitive process the deal was ultimately closed with a US debt fund.