Aareal Bank announces the closing of a financing agreement with London + Regional Hotels (L + R). The international real estate investor received a senior loan to refinance the rebranding and remodeling of the Nobu Hotel London Portman Square, which opened as a luxury five-star hotel in May 2021.
Flagged under a luxury hospitality brand steeped in Japanese-inspired ideology, the 249-room Nobu Hotel London Portman Square charms with its minimalist design, first-rate wellness, and meeting facilities – and the quintessential Nobu dining experience that has become synonymous with top gastronomy. Its prime location in the very heart of central London is also a key selling point of the hotel, placing guests at the doorstep of Marylebone’s independent boutiques and the renowned shopping districts of Bond Street and Regent Street. This hotel marks the third collaboration between L + R and Nobu, following existing properties in Ibiza and Monte Carlo.
As one of the largest privately held property companies in Europe, L + R actively invests in and develops real estate properties in the UK and abroad. The group’s extensive footprint spans across the UK, continental Europe, the US and the Caribbean. Their 113-hotel portfolio comprises some 23,000 rooms across a broad range of hotel sectors, from iconic luxury hotels and resorts, to a wider collection of independent hotels, as well as a portfolio of 60 Holiday Inn Express properties.
Source : Aareal Bank