DLA Piper has successfully advised its long-standing client, Aareal Bank AG, in its roles as arranger, facility agent, lender and security agent, in providing Archer Hotel Capital with facilities of approximately EUR567 million. The facilities will refinance seven premier hotel properties across Western Europe and support ESG-focused capital expenditure at several of these properties.

The seven properties in Paris, Amsterdam, Stockholm and Dublin comprise over 2,000 rooms in key tourist and travel locations, including the Hilton Schiphol Airport, Renaissance La Défense Paris and Conrad Dublin.

A cross-border and multi-practice DLA Piper team from offices in the UK and Ireland supported Aareal Bank. Finance partner Toby Barker led the team. He was supported by partners Elizabeth Bradley, Marcus Lovatt (both Finance), Graham Quinn (Real Estate), senior associates Angus Milne, Claire Cregan (both Finance), Niamh Murphy and Lorcan Doocey (both Real Estate), associates Clarice Chung, Cormac O’Brien and Devanshu Jain (all Finance) and trainee solicitor Clara Brochen-Duran (Finance).