Blackstone Real Estate Debt Strategies has provided a €337 million ($384 million) loan to the Milan-based hotel group Dedica Anthology, a European portfolio of nine luxury hotels located in Italy, France, Hungary and the Czech Republic, owned by Värde Partners.
The facilities will refinance legacy loans and provide additional capital for The Dedica Anthology to invest significantly in its estate.
“We are delighted to have completed this complex refinancing,” said Stephen Alden, CEO of The Dedica Anthology. “Our own team, the board, our advisors and the lending group have worked hard in collaboration to achieve this excellent result. Our focus is now fully on building The Dedica Anthology brand, carrying out strategic renovation and restoration work on our distinctive properties, strengthening our team and growing our business.”
