Luther provided legal advice to Raiffeisen Bank International AG on a EUR 96 million syndicated real estate financing for various members of the Leonardo Group. The funds are being applied towards the refinancing of existing loans as well as towards capex measures in a portfolio of eleven hotels in Germany.
The Luther team advised Raiffeisen Bank International AG on all legal financing aspects of the transaction and conducted legal due diligence. Given the borrower group’s international structure, the transaction involved the coordination of legal advice provided in five additional jurisdictions.
Advising lenders and borrowers on corporate and real estate financings forms an integral part of Luther’s expertise in banking and finance practice.
About Fattal Hotel Group:
Founded in 1998, Fattal Hotels has embarked on an ambitious, highly successful campaign of international expansion and diversification, leading to its current status among Europe’s fastest-growing hospitality brands. The group currently owns and operates more than 320 hotels across 22 countries, consistently presenting the most attractive accommodation options in strategic locations ranging from bustling city centres to beachside resorts.
About Raiffeisen Bank International (RBI):
RBI regards Austria, where it operates as a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. Eleven markets in the region are covered by subsidiary banks, and the RBI Group also includes numerous other financial services companies, for example in the areas of leasing, asset management and M&A.
Around 42,000 employees serve 18.8 million customers in around 1,300 branches, the vast majority of which are in the CEE region. The RBI share is listed on the Vienna Stock Exchange. The regional Raiffeisen banks hold around 61.2 per cent of RBI, with the remainder in free float. Within the Raiffeisen Banking Group, RBI is the central institution of the regional Raiffeisen banks and other affiliated credit institutions.
For Raiffeisen Bank International AG:
Luther, Banking & Finance and Real Estate: Christoph Schauenburg, LL.M. (Partner), Anna-Sophia Riebeling (Senior Associate), Volkan Top (Partner), Ruth-Maria Thomsen (Partner)
Luther Luxembourg: Bob Scharfe (Partner), Rafaella Gavrielidou (Managing Associate), Spyridon Batzios (Associate)
Austria: KWR Karasek Wietrzyk Rechtsanwälte GmbH: Priv.-Doz. MMag. Dr. Thomas Haberer (Partner)
Cyprus: Michael Damianos & Co LLC
Ireland: McCann FitzGerald
Israel: GNY Gornitzky & Co.
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