• Hospitality Europe restructures debt

BRE/Hospitality Europe Group, which is controlled by Blackstone Real Estate Partners International Fund II and BREP Fund V, has restructured Eu480m of its debt and extended the maturity by five years.

The restructuring of the nine-strong hotel owner included a new Eu150m mezzanine loan from Morgan Stanley Real Estate Fund VII Global. The remaining Eu330m of the loan would stay in a senior debt facility held by a syndicate of five banks, Blackstone said.

See the full story here:
http://uk.reuters.com/article/idUKLDE6BC1JF20101213

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