iNua Hospitality has completed a refinancing deal on part of its portfolio ahead of a €2m investment in refurbishing its assets.
According to a statement from iNua, the portfolio comprises the Radisson Blu Hotel & Spa in Sligo, Cork, Limerick and Athlone, as well as the Hillgrove Hotel & Spa in Monaghan, the Tullamore Court Hotel, the Kilkenny Hibernian Hotel and the Muckross Park Hotel & Spa in Killarney. The refinancing was provided by a group of lenders including AllianceBernstein and Earlsfort Capital Partners. CBRE’s Debt and Structured Finance team advised the Irish hotel owner.
According to a report from UK hospitality industry news site React News, the refinancing deal was worth €70m.