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.
Hotels have the chance of returning to pre-covid performance levels, but only if their capital base is properly restructured now, argues Eric Assimakopoulos, founder of Revetas Capital.
The $2.8bn sale to Highgate is potentially the first many large hospitality portfolio sales, but a debt transfer of its size is unlikely to be repeated.
Ali Imraan, the managing director, debt and special situations, at real estate investment manager LaSalle Investment Management, discusses the opportunities Spain offers property debt fund lenders.