Emirates Capital arranges €40 million investment for General Mediterranean units

source: Khaleej Times

Staff Report / 17 December 2014

 

Hotel Le Royal opened in 1984 and has undergone several soft refurbishments as well as extensions over the course of time.

Dubai: Emirates Capital Limited has lead arranged a 40 million euro investment and capex facility to two subsidiaries of General Mediterranean Holding S.A. SPF, a multi-faceted group with diverse business interests.

The proceeds will be used to refinance and refurbish the Hotel Le Royal, a 5-star 205-room hotel located in a prime location in the heart of of Luxembourg City. The transaction was jointly arranged by The Emirates Capital Limited, Dubai International Financial Centre, Dubai, a financial institution specialized on cross border transactions and a leading German real estate bank. It closed in October 2014