Alvarez & Marsal (A&M) is advising London-based Maybourne Hotel Group on a refinancing deal to enable the repayment of a £660 mln (€802 mln) loan facility.
Alvarez & Marsal (A&M) is advising London-based Maybourne Hotel Group on a refinancing deal to enable the repayment of a £660 mln (€802 mln) loan facility.
Maybourne Hotel Group manages the iconic London hotels - Claridge’s, The Connaught and The Berkeley.
The five-year debt facilities were lead arranged by Blackstone Real Estate Debt Strategies (BREDS).
BREDS worked closely with Bank of America Merrill Lynch (BAML) and the Royal Bank of Canada (RBC) who co-arranged and underwrote the £400 mln senior facility, of which Wells Fargo took up to £100 mln at close.
A £147 mln mezzanine loan was underwritten by Blackstone and funded in partnership with RBC and Starwood Capital.
Alvarez & Marsal (A&M) is a global professional services firm that is privately owned and operated by its worldwide partners.
