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