Avignon Capital and L&G complete €34m refinancing of Hilton, The Hague
Avignon Capital, the European investment and asset management firm, and Legal & General (‘L&G’), one of Europe’s largest asset managers, have completed the €34m refinancing of Hilton, The Hague – a prime 5-star hotel located in the heart of the Dutch administrative capital.
The three-year loan facility will aim to provide enhanced flexibility to support the long-term business plan for the hotel and marks a new lending partnership between the parties.
The asset is centrally located within The Hague’s embassy quarter, adjacent to the Noordeinde Royal Palace and the City’s main cultural and business attractions. The hotel benefits from strong operational performance, driven by its location, international brand affiliation, and consistent demand from both business and leisure visitors.
Floris Ledder, Netherlands Director, Avignon Capital: “We are pleased to complete the refinance of Hilton The Hague, which demonstrates the strength of the asset and its location, underlining the resilience of a market-leading hotel in the city. I am grateful for the excellent cooperation of all stakeholders involved making it possible to achieve a strong refinancing outcome for the Hilton The Hague and the award-winning restaurant BlueBlood.”
James Spencer-Jones, Head of Real Estate Debt – UK & Europe, Asset Management, L&G: “As part of our continued expansion in Europe, we are delighted to be working alongside Avignon Capital and the team at Hilton The Hague. The transaction demonstrates attractive lending credentials in a target market, which is well-aligned to our ambition of driving substantial growth across our UK and European Real Estate Debt business.”
The refinance forms part of Avignon Capital’s active asset management strategy, designed to optimise capital structures and maximise value across the portfolio, and follows a series of successful refinances across the firm’s European portfolio.
Avignon Capital were advised by Clifford Chance, and L&G were advised by Simmons & Simmons.
