• Issue 996

Hiltons refinanced

 

Aareal Bank has provided GBP300m to refinance debt against Hilton Metropole hotels in London and Birmingham. The five year deal has been provided to Metropole Hotel Holdings, part of the UK based Tonstate Group.

 

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Banks back Accor

 

Accor has agreed a EUR1.8bn line of credit, syndicated among 18 banks. An over-subscription by lenders meant the facility was expanded from an originally planned EUR1.6bn size. 

 

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Doha for Steigenberger

 

Steigenberger has signed to open a new hotel in Doha, Qatar. Construction of the 200 room hotel will start in the autumn for a scheduled 2016 opening. 

 

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HK hotel float

 

Listed Hong Kong company Franshion Properties is to raise HKD3.39bn by listing its hotel business. Eight hotels in mainland China and a mixed use project will be spun off as an investment trust, reports Reuters.

 

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Starwood aims for NY record

 

Starwood Capital is sounding out investors to buy its Baccarat Hotel in New York. It is aiming for a record-breaking USD2m a room for the 114 room property, reports the New York Post.

 

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