on Aareal Bank AG (ETR:ARL)
Aareal Bank Finances Iconic Pullman Montparnasse Hotel in Paris
Aareal Bank has successfully financed the Pullman Paris Montparnasse, a landmark hotel in Paris' 14th Arrondissement. The financing supports acquisition and capital expenditures for the hotel by a consortium that includes Bain Capital, Columbia Threadneedle Investments, and QuinSpark Investment Partners.
The 34-storey Pullman Paris Montparnasse, with its 957 rooms and extensive meeting facilities, underwent a major refurbishment from 2017 to 2021. The renovation enhanced both guest amenities and building efficiency.
"This financing underlines Paris's appeal as a premier destination," stated Michelle Weiss, Head of Hotel Properties at Aareal Bank.
The transaction reflects Aareal Bank's commitment to supporting the hospitality industry and high-profile properties in top global locations.
R. H.
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