Gr8 Hotels comprises quality affordable accommodation located in key areas across the Netherlands, including Amsterdam, Rotterdam, Maastricht, and Breda, as well as food and beverage offerings provided by tier-one operators.
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This refinancing by Veld will allow GR8 Hotels to continue to drive their strong operational performance and benefit from the current positive market dynamics of the Dutch hospitality sector.
The transaction reflects a growing opportunity set for Veld to provide tailored credit solutions to experienced owners of high-quality assets across Europe, as conventional lenders seek to retrench from the market.
Sebastien Wigdo, partner at Veld Capital, commented: “The strong quality and performance of the assets, coupled with the current dynamics of the Dutch hotel market make this portfolio an ideal investment for Veld Capital.
“This financing structure illustrates our ability to identify a gap in the market where our capital can be deployed in situations previously covered by traditional lenders.
“As refinancing requirements expand, we expect to continue to play an active role in both sourcing and executing attractive credit investments backed by high quality assets.”
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