The transaction, which includes eight assets within the portfolio, showcases Aareal Bank’s role as arranger, facility agent, and security agent, highlighting its expertise in structuring and executing complex deals in the hospitality industry. This collaboration enhances Starwood Capital’s presence in Europe, adding to its portfolio which will now encompass 47 hotels with approximately 10,000 rooms.
Bettina Graef-Parker, Managing Director at Aareal Bank, expressed pride in supporting Starwood Capital through their comprehensive understanding of the hospitality sector and financial structuring capabilities. Tim Abram, Managing Director at Starwood Capital, commended the bank for its longstanding partnership and deep industry insight, which were instrumental in the acquisition of this distinctive London hotel portfolio.
This collaboration underscores Aareal Bank’s reputation as an international property specialist, committed to financing top-tier hotels in sought-after locations across Europe. Legal advisement for the transaction was provided by Pinsent Masons and White & Case for Aareal Bank and Starwood Capital, respectively, with Cushman & Wakefield serving as the external valuation advisor for Aareal Bank.