DLA Piper has advised Aareal Bank AG on the provision of a senior financing amounting to EUR 269,750,000 for the acquisition of a European hotel portfolio through the Swedish Pandox Group.

The European Hotel Real Estate Fund II FCP – SIP portfolio, being sold by Invesco Real Estate at a purchase price of EUR 415 million, comprises seven hotels in Germany, Austria and Amsterdam. It includes the following properties: NH Collection Hamburg, NH Frankfurt Airport, NH Munich Airport, Radisson Blu Cologne, NH Salzburg, NH Vienna, Park Hotel Amsterdam.

Headquartered in Wiesbaden, the Aareal Bank Group is a leading international real estate specialist and is represented  in Europe, North America and Asia. The parent company of the Group, Aareal Bank AG, is listed on MDAX. Companies of the Group are divided into two business segments: Structured Real Estate Financing and Consultancy/Services.

The DLA Piper team led by partner Dr Torsten Pokropp comprised counsel Robert Hofbauer, associate Martin Wilmsen (all Finance & Projects, Frankfurt), partner Dr Martin Haller, associate Catharina Voß (both Real Estate, Munich), partner Martin Heinsius, senior associate Marc Fellner (both Tax, Frankfurt) as well as partner Dr Thomas Schmuck and associate Dr Christian Marzlin (both Corporate, Frankfurt).