Aareal Bank has delivered £239.9 million to refinance the acquisition of a UK hotel portfolio in UK for Tristan Capital Partners.

In 2022 Tristan’s European Property Investors Special Opportunities 6 (EPISO 6) became majority shareholders in Raag Hotels Limited which owns “Point A”.

The acquisition bought them nine hotels in London, Edinburgh and Glasgow – managed and co-owned by Queensway, a European hospitality and real estate and operation.

Bettina Graef-Parker, Managing Director Special Property Finance at Aareal Bank, commented: “Hotels in the UK, particularly in London, have been recovering quickly, with performance already nearing pre-pandemic levels, proving the resilience of the sector. We have always believed that quality accommodations for both domestic and international travellers in prime locations will be in constant demand. Hotels therefore remain a key growth driver for Aareal Bank’s commercial lending portfolio, and for good reason.”

The team behind the deal  were BCLPt, DLA and Ogiers and JLL Hospitality.