Benson Elliot, Eurohypo in EUR 70m hotel refinancing deal

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.

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