Aareal Bank provides £300m financing for two UK hotels

Aareal Bank provided a £300 mln (€372 mln) loan to Metropole Hotel Holdings for the refinancing of two Hilton Metropole Hotels in London and Birmingham.

Aareal Bank acted as lender, arranger and agent for the five-year facility.

Metrople Hotel Holdings is part of the Tonstate Group, a real estate investment firm based in London with a portfolio of retail, office, hotel and residential assets.

The Hilton London Metropole is a landmark property situated in a central location close to Paddington and Marble Arch. It is the British capital’s largest conferencing hotel and comprises 1,048 guest rooms, 5 food and beverage outlets, a health club and a total of 44 meeting and conference rooms that can host up to 3,000 delegates at the same time.

The Hilton Birmingham Metropole is adjacent to Birmingham NEC, one of the UK’s busiest exhibition facilities. The property has 794 guest rooms, various food and beverage outlets, a health club and 33 conference and banqueting rooms which can accommodate up to 2,000 delegates.