SHIFT CAPITAL advised Maranatha for Sofitel Le Louise acquisition financing

SHIFT CAPITAL assisted the hotel group Maranatha (30 hotels, 1,675 rooms) for the acquisition financing of the hotel Sofitel Le Louise in Brussels bought from Accor. Accor will continue to manage the business through a management contract.

The hotel 5* offers 169 rooms including 10 suites, a restaurant, a bar lounge, a terrace, 4 conference rooms and a fitness center. An extension project is expected to be completed by the end of 2014 to add a spa and 2 additional conference rooms.

The equity was brought by a special purpose vehicule incorporated by Maranatha, 123Venture and private investors and the debt financing was provided by the Belgian bank KBC.

For its first acquisition outside of France, SHIFT CAPITAL helped Maranatha during the marketing phase of the transaction and during its discussions with potential lenders, then assisted in the negotiations and coordination of third parties throughout the whole closing process.