Avignon Capital, the European property investment and asset management firm, has successfully refinanced the Meininger Hotels located in Frankfurt and Berlin.
The hotels, which have been part of Avignon Capital’s portfolio since 2017, have demonstrated strong performance and significant growth, with the potential for further optimisation. This refinancing deal, completed in collaboration with Berlin Hyp, reflects the continued confidence in these prime assets and their strategic locations in two of Germany’s major cities. Legals advisors were Ashurst and Ogier for Berlin Hyp and Orrick and Carey Olsen for Avignon.
Avignon Capital is dedicated to implementing a comprehensive ESG (Environmental, Social, and Governance) strategy for both hotels. Efforts are underway to enhance sustainability measures, with a focus on achieving energy efficiency and reducing the carbon footprint of these properties.
The refinancing of the Meininger Hotels is just one of several up-and-coming refinancing opportunities on our German, Dutch and Spanish assets. This latest milestone highlights Avignon Capital’s ability to navigate complex financial landscapes and secure favorable terms that benefit all stakeholders.
Doug Burton-Cantley, Managing Director of Avignon Capital comments “We are delighted to continue our close funding partnership with Berlin Hyp, with whom we share a strong alignment on asset value and ESG enhancement strategies”
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