Hypo Real Estate Bank International announced on Tuesday that it had completed a EUR 47mln refinancing for RREEF Alternative Investments' Penha Longa Hotel, Spa and Golf Resort in Portugal. A fund managed by RREEF Alternative Investments acquired the resort in 2003. The subsequent enlargement and refurbishment programme has won several local and international awards. The resort on a 220-hectare protected site features a 194-room hotel managed by Ritz-Carlton, two golf courses and a health spa operated by Six Senses.
Hypo Real Estate Bank International announced on Tuesday that it had completed a EUR 47mln refinancing for RREEF Alternative Investments' Penha Longa Hotel, Spa and Golf Resort in Portugal. A fund managed by RREEF Alternative Investments acquired the resort in 2003. The subsequent enlargement and refurbishment programme has won several local and international awards. The resort on a 220-hectare protected site features a 194-room hotel managed by Ritz-Carlton, two golf courses and a health spa operated by Six Senses.
