• Grand City refinancing

Funder Deutsche Pfandbriefbank has refinanced EUR139m of debt against eight Grand City hotels in Germany and Holland. The five year deal covers five properties rebranded under Wyndham flags during the last year, including hotels in Berlin, Mannheim and Amsterdam, reports Property Week.

Grand City is Germany’s largest hotel management company, and owns and operates more than 100 properties. Its deal with Wyndham has seen 60 of its hotels rebranded under a variety of Wyndham flags.

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