Aareal Bank Facilitates Refinancing for Hilton Maldives Resort

Aareal Bank has announced the successful refinancing arrangement for Hilton Maldives Amingiri Resort & Spa. The bank acted as the arranger, facility agent, and security agent for this transaction with Amingiri Holdings Pvt. Ltd., a subsidiary of Amin Construction Pvt. Ltd., which focuses on hospitality.

This transaction highlights Aareal Bank's ongoing commitment to the luxury hospitality sector in the Maldives. The Hilton resort, which began operations in July 2022, includes 109 villas with private pools. It offers a prime location in the North Malé Atoll, just a short speedboat ride from Velana International Airport.

Key partners in the transaction included JLL’s Hotels and Hospitality Group and the asset manager, Hazana. Legal and valuation advice was provided by SHC Law & Tax LLP and CBRE, respectively.