Property investor Benson Elliot Capital Management said on Monday it had agreed with German property bank Eurohypo on the refinancing of the Deutsch-Japanisches Center in Duesseldorf, incorporating the 5-star Nikko Hotel, almost two years ahead of its scheduled maturity. Benson Elliot said the EUR 70 mln transaction represents one of the largest hotel financings to be completed in Europe this year.
Property investor Benson Elliot Capital Management said on Monday it had agreed with German property bank Eurohypo on the refinancing of the Deutsch-Japanisches Center in Duesseldorf, incorporating the 5-star Nikko Hotel, almost two years ahead of its scheduled maturity. Benson Elliot said the EUR 70 mln transaction represents one of the largest hotel financings to be completed in Europe this year.
Benson Elliot acquired a controlling interest in the Deutsch-Japanisches Center in 2007, in partnership with an affiliate of Event Holding, a leading hotel owner and operator based in Cologne, on behalf of Benson Elliot Real Estate Partners II. The mixed-use complex is located in Duesseldorf’s city centre, close to the banking district and the Königsallee shopping street.
