Legal DealFolio - Aareal Bank AG Refinancing for PPHE Hotel Group

International law firm Clifford Chance has advised Aareal Bank AG on the refinancing and capex financing of five Dutch hotels and three London hotels owned by PPHE Hotel Group Limited (the "Group''). The three London hotels owned by the Group are Park Plaza Riverbank, Park Plaza Victoria and Park Plaza Sherlock Holmes, the five Dutch hotels operated and owned by the Group are Park Plaza Victoria Amsterdam, Park Plaza Vondelpark, Park Plaza Eindhoven, Park Plaza Amsterdam Airport and Park Plaza Utrecht. At the Group's option and subject to satisfaction of certain conditions, the facility will also refinance the existing development facility for the recently opened art'otel amsterdam. The refinancing involves a 5-year term facility comprising a sterling tranche of GBP 167,600,000 and a euro tranche of EUR 153,191,000. The afore mentioned hotels were previously financed by three separate facilities provided by Aareal with various maturity dates between December 2013 and September 2017. As well as refinancing the existing facilities, the facility will fund capital expenditure at these hotels. The Clifford Chance Finance team that advised Aareal Bank on this transaction was led by Jan-Joost van Rijsbergen and consisted of Krishna van Zundert, Jasper Dijkshoorn and Amin Tamaddoni (all Amsterdam), as well as Damian Perry and Ruby Giblin (both London).

Deal Date:	04-12-2013	Practice Area:	International Finance and Bank Credit
Deal Title:	Aareal Bank AG Refinancing for PPHE Hotel Group	Industry:	Real Estate Investment & Services
Description:	International law firm Clifford Chance has advised Aareal Bank AG on the refinancing and capex financing of five Dutch hotels and three London hotels owned by PPHE Hotel Group Limited (the "Group''). The three London hotels owned by the Group are Park Plaza Riverbank, Park Plaza Victoria and Park Plaza Sherlock Holmes, the five Dutch hotels operated and owned by the Group are Park Plaza Victoria Amsterdam, Park Plaza Vondelpark, Park Plaza Eindhoven, Park Plaza Amsterdam Airport and Park Plaza Utrecht. At the Group's option and subject to satisfaction of certain conditions, the facility will also refinance the existing development facility for the recently opened art'otel amsterdam. The refinancing involves a 5-year term facility comprising a sterling tranche of GBP 167,600,000 and a euro tranche of EUR 153,191,000. The afore mentioned hotels were previously financed by three separate facilities provided by Aareal with various maturity dates between December 2013 and September 2017. As well as refinancing the existing facilities, the facility will fund capital expenditure at these hotels. The Clifford Chance Finance team that advised Aareal Bank on this transaction was led by Jan-Joost van Rijsbergen and consisted of Krishna van Zundert, Jasper Dijkshoorn and Amin Tamaddoni (all Amsterdam), as well as Damian Perry and Ruby Giblin (both London).
Financial Center:	Amsterdam	Value:	0.00-100.00
Advised Party:	Lender	Law Firm	Clifford Chance
Real Estate Jurisdiction	Netherlands	Real Estate Jurisdiction	Netherlands
Classification:	Real Estate Finance Hotels	Lawyer	Jan-Joost van Rijsbergen

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International Finance and Bank Credit Law Firms and Lawyers

Practice Areas - International Finance and Bank Credit Law Firms and Lawyers