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.