Clifford Chance

Clifford Chance advises Avignon Capital on €34 million refinancing of Hilton The Hague

Global law firm Clifford Chance has advised Avignon Capital, the European investment and asset management firm, on the €34 million refinancing of Hilton The Hague, a prime 5-star hotel located in the heart of the Dutch administrative capital, completed with Legal & General (‘L&G’), one of Europe’s largest asset managers.

The three-year loan facility will aim to provide enhanced flexibility to support the long-term business plan for the hotel and marks a new lending partnership between the parties.

The asset is centrally located within The Hague’s embassy quarter, adjacent to the Noordeinde Royal Palace and the City’s main cultural and business attractions. Read more about the transaction here.

The Clifford Chance team was led by Liesbeth Buiter (Real Estate) and Herman Steinvoort (Global Financial Markets), and further consisted of Stephanie Proost, Berend Schoemaker and Liselotte Hommels  (Real Estate), Jelle Hofland and Omid Barzegar (Global Financial Markets), Stern Flik (Tax), Charlotte Horsten (Notary) and others.