The US manager has sourced debt including €310m of mezzanine for 15 hotels.
The London-based manager‘s pan-European CREDO fund has invested in the Irish hotel market as it sees competitors ‘retreating’.
The manager, which has financed KSL-backed Beaumier, is seeing consumers shift focus away from mainstream brands.
Investors are increasingly cautious, but Three Stars Capital Partners’ CEO Mauro Savoia says there are still plenty of good deals to be done.
Debt providers increasingly view hotels as an appealing asset class despite economic headwinds.
In a webinar last week, the French bank argued the provision of debt in European real estate markets has not been significantly impacted by political and economic factors.
The Miami-headquartered investment firm’s mezzanine loan, provided to Shiva Hotels, finances a portfolio of five-star assets.
Starwood and King Street’s backing of the Hotel Danieli in Venice suggests international debt providers have faith in Italy’s trophy hospitality assets.
The US private equity firm, which sold its last remaining UK hotels in 2018, has written a £100m-plus loan against a portfolio of Hiltons.
With recovery underway in the US hotel sector, securitisation activity is gradually picking up in select sub-sectors – albeit with more conservative underwriting.