Aareal Bank has completed a £239.9 million (€276 million) senior loan to refinance the acquisition of a hotel portfolio for an opportunity fund advised by Tristan Capital Partners, the panEuropean real estate investment manager.
Aareal Bank acted as sole arranger, facility and security agent for the financing. Earlier this year Tristan’s opportunistic fund European Property Investors Special Opportunities 6 (EPISO 6) acquired a majority shareholding in Raag Hotels Limited which owns the boutique brand Point A.
Comprising 1,387 rooms across nine hotels in London, Edinburgh and Glasgow, the properties are managed and co-owned by Queensway, a family business specializing in European hospitality real estate and operations.
Source: https://propertyeu.info/Nieuws/Aareal-Bank-loans-Tristan-276m-for-UK-hotel-portfolio/fdb9f3b2-11b1-450e-b76d-c50a225d63d5, on 8 November 2022