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Hospitality
The financing issued by the Wiesbaden-headquartered lender will enable the owner to undertake extensive renovation work.
Large volumes of hospitality transactions across Europe have positively affected lending activity.
Hotel Marjan is set for a modern revival under Maistra Hospitality Group, backed by a €200m sustainability-linked loan from the IFC.
Three Stars Capital Partners’ Mauro Savoia highlights the resurgence of hotel opportunities for investors and debt providers following the covid crisis.
The hospitality deal represents the manager’s biggest loan of 2024 so far.
The manager has provided the financing to Malaysian company MUI Group.
The loan, provided alongside two other banks, is secured against a cross-border portfolio.
The private equity firm has sourced debt from three lenders for its Generator Group, in one of the largest financing deals of the year so far.
The Wiesbaden-headquartered lender says the city’s hospitality sector is performing well in an inflationary environment.
Leumi UK has provided a £43.7m loan to Israeli firm Fattal Hotel Group for the acquisition and refurbishment of the historic Grand Brighton Hotel.