Transactions > Sofitel Hotel

Sofitel Hotel

Project finance
INR 110 million

Advisors

Client Profile

  • JV between leading Indian real estate group, Shree Naman Developers and Accor to develop 302 key luxury hotel under ‘Sofitel’ brand
  • Project delayed on account of upgradation of hotel design, leading to cost escalation
  • Company was looking at option to increase the loan tenure and reduce interest cost

Category

  • Industry
  • Products
  • Deal Size

Description

  • Media and Entertainment/Real Estate
  • Debt Refinancing
  • US$ 110 million

Avista’s Role

  • Avista was mandated as the exclusive financial advisor to meet the objectives of longer debt tenure
  • Understand client needs and coordinate negotiations with the banks protecting client’s interests
  • Suggest risk management solutions

Solutions Offered

  • Liaised with leading banks to explore and analyze various refinancing possibilities along with derivatives option to reduce interest cost
  • Evaluated term sheets and negotiated with banks on behalf of the client
  • Closed the loan documentation process successfully along with derivative solutions to optimize financial costs for the project
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