Hospitality

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.

A €296m construction financing in the German capital, led by Deutsche Hypo, was among the week’s more eye-catching items.

Following the lender’s financing of Blackstone’s purchase of the owner of Britain’s Butlin’s holiday parks, its European real estate lending head explains his faith in UK leisure.

The private investor believes the extended stay apartment model will benefit from future patterns of demand.