De Pardieu has advised Aareal Bank AG, a German property specialist bank, on a €567 million pan-European refinancing of hotel assets constituting a portfolio owned by Archer Hotel Capital, a joint investment vehicle of the Singapore sovereign wealth fund GIC and APG, a subsidiary of Stichting Pensioenfonds ABP, a Dutch pension fund.
Over the years, Aareal Bank has financed various assets for Archer Hotel Capital through multiple facilities. This loan refinances seven premier hotel properties totaling more than 2,000 rooms: Royal Saint-Honoré Paris, Renaissance Paris Vendôme, Renaissance La Défense Paris, Renaissance Amsterdam, Hilton Schiphol Airport, Conrad Dublin and Sheraton Stockholm. Archer Hotel Capital self manages most of the assets in the portfolio under Marriott franchises and two assets are managed by Hilton International.
This financing will fund ESG-focused capital expenditures dedicated to achieving the highest possible sustainability accreditations. The partnership with Aareal Bank is based on mutual trust, recognized expertise and a shared vision of the hospitality industry. The bank’s deep understanding of the sector across multiple European markets has been instrumental in supporting its strategy of sustainable growth and long-term value creation.