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The loan, provided alongside two other banks, is secured against a cross-border portfolio.
The private equity firm has sourced debt from three lenders for its Generator Group, in one of the largest financing deals of the year so far.
The Wiesbaden-headquartered lender says the city’s hospitality sector is performing well in an inflationary environment.
Leumi UK has provided a £43.7m loan to Israeli firm Fattal Hotel Group for the acquisition and refurbishment of the historic Grand Brighton Hotel.
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.