Aareal Bank Lends EUR 200 Million to Cedar Capital for Hotel Acquisition

Aareal Bank has issued a loan of approximately EUR 200 million to Cedar Capital Partners for acquiring a pan-European hotel portfolio. The portfolio includes five lifestyle hotels under the Hoxton and Mama Shelter brands, located in Amsterdam, Edinburgh, Florence, Prague, and Rome.

The portfolio is managed by Cedar Capital Partners, known for its investments in luxury and lifestyle hotels. The recapitalization of these assets was conducted with Ares Management Real Estate Secondaries Funds, indicating strong interest in this market sector.

Three of the hotels have recently undergone renovations, increasing the total room count to 566. Ennismore, a major player in hospitality management, operates these hotels. The collaboration between Aareal Bank and Cedar Capital showcases a continued commitment to the European hospitality sector.