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Investors finance pan-European hotel portfolio with €215m Aareal loan
Benson Elliot and two investing partners have financed the acquisition of four European hotels with €215 million of senior debt from Aareal Bank. The private equity firm and its partners, Walton Street Capital and Algonquin, bought the assets in October from Host Hotels & Resorts as part of a €420 million deal involving eight hotels.
