CG Capital Europe acted as the exclusive financial & real estate advisor to the Owner of the Hotel, a reputed private investment group, on raising and structuring a senior debt facility for the refinancing of the 74-room Boutique Hotel.
The Asset is a 74-room boutique hotel located in the sought-after district of L’Eixample, in Barcelona. It is characterised by achieving ADRs well above those of its peers, as well as an impressive average occupancy rate of 97% in 2022E.
CG Capital Europe has structured and successfully obtained the senior debt for the refinancing of the Asset with a Debt Fund, with historical low pricing for the Client, despite the current uncertainty of the financing market.
CG Capital Europe has also been in charge of advising the Client throughout the legal, technical, commercial and tax due diligence as well as negotiating the loan documentation and the interest rate hedging associated with the refinancing.
This European landmark financing transaction represents another example of CG Capital Europe’s successful advisory track record, its excellent relationships and privileged access to real estate lenders and investors around the world, and its deep knowledge of real estate corporate finance, having closed deals for c.€4,000 million, with a 95% success rate, during the last ten years.