Aareal Bank has provided a £275m loan to unlock the future potential of Henderson Park’s hospitality platform.
The facility is secured against the Curio Collection Caledonian Edinburgh, Hilton Edinburgh Carlton and Hilton Garden Inn Dublin City Centre, which are owned by funds managed by Henderson Park and managed by its hotel operating brand Klarent.
The hotels will undergo extensive renovation, including guest room extensions.
Christophe Kuhbier, head of investments for Europe at Henderson Park, said: “This financing is an important milestone in our investment strategy for this portfolio and a testament to the quality of the hotels securing the loan and their future potential to be unlocked via Klarent Hospitality’s active asset management.”
Michelle Weiss, head of hotel properties at Aareal Bank, said: “We continue our long-standing partnership with Henderson Park on this transaction [which] showcases our expertise in delivering tailored solutions for high-quality hospitality assets in prime locations.”
Aareal Bank acted as the arranger, sole lender, and facility and security agent for this transaction. CBRE acted as Aareal Bank’s external valuation adviser.
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