Assignment
Trimont was engaged by a European lender to provide asset management and loan servicing on €82 million of senior loans.
Asset
The Scandic Hotel is a four-star hotel located in Berlin’s central Potsdamer Platz, one of the most popular areas of New Berlin. The hotel contains 572 hotel rooms, a restaurant, lobby bar, fitness area, and conference spaces. The building’s classical structured stone façade is complemented by the contemporary Scandinavian blonde wood design of the spacious rooms.
Insights
- The Hotel is located near the former Berlin Wall.
- Scandic is known for its eco-friendly practices. At this particular hotel, plants are watered with leftover water from the restaurant.
- The hotel is built over the existing Berlin U-Bahn (underground railway).
