Hypo Real Estate Bank International said on Thursday is had provided a EUR 44mln financing facility for investment manager Invesco's European Hotel Real Estate Fund's acquisition of the Patio hotel in Aberdeen, Scotland. The city centre hotel, which will be rebranded Hilton Doubletree Aberdeen, has 168 rooms, meeting space, three restaurants and two bars, and a large spa and fitness centre. The transaction was completed on 6 June 2008.
Hypo Real Estate Bank International said on Thursday is had provided a EUR 44mln financing facility for investment manager Invesco's European Hotel Real Estate Fund's acquisition of the Patio hotel in Aberdeen, Scotland. The city centre hotel, which will be rebranded Hilton Doubletree Aberdeen, has 168 rooms, meeting space, three restaurants and two bars, and a large spa and fitness centre. The transaction was completed on 6 June 2008.
'We are delighted to provide Invesco Real Estate with a highly structured product for its European Hotel Real Estate Fund. The provision of this facility on a pan-European basis again demonstrates our ability to provide the financing solutions required by our clients to support their businesses', said Harin Thaker, Hypo's CEO for Europe, Middle East and India.