Morgans Hotel Group, the operator and 50% owner of the London joint venture that owns the Sanderson and St Martins Lane hotels, said it has signed a £100 mln (EUR 118 mln) loan with Aareal Bank to refinance the mortgage debt secured by the two hotels. The new loan matures in July 2015. The old facility was scheduled to mature in November 2010. Jones Lang LaSalle Hotels advised the joint venture in the refinancing process.
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