JLL Facilitates Debt Refinancing for Hilton Maldives Amingiri Resort & Spa
JLL has successfully executed a significant debt refinancing for Amingiri Holdings Pvt. Ltd., owner of the Hilton Maldives Amingiri Resort & Spa. This transaction highlights JLL’s commitment to the Maldivian hospitality sector and is expected to attract more international lenders. Notable leaders within JLL express confidence in the potential for diverse refinancing programs within the Maldives.
JLL, a leading real estate investment and advisory firm, has announced a significant debt refinancing program for Amingiri Holdings Pvt. Ltd., the owner of the Hilton Maldives Amingiri Resort & Spa. This landmark deal underscores JLL’s extensive experience in the Maldives’ hospitality sector and reflects the company’s growth in this strategic market. The transaction is expected to stimulate further debt financing activity in the Maldives, attracting international and diverse lenders.
Amingiri Holdings Pvt. Ltd. is the hospitality-focused arm of Amin Construction Pvt. Ltd., a key player in Maldivian real estate. JLL’s Hotels & Hospitality Group, along with its Debt & Structured Finance teams in Singapore, led the refinancing efforts with an international bank that served as arranger, facility agent, and security agent for the loan.
Nihat Ercan, CEO of JLL’s Hotels & Hospitality Group for Asia Pacific stated, “We have long provided innovative investment advisory solutions to the Maldives’ leading hotel owners and operators. We believe there exists considerable interest in diverse refinancing programs in the Maldives that play to our strengths and ability to tailor solutions.”
The Hilton Maldives Amingiri Resort & Spa, which opened in July 2022, boasts 109 keys composed of beach and overwater villas. It is strategically located on Amingiri Island within the North Malé Atoll, accessible via a 20-minute speedboat ride from Velana International Airport. Paul Brindley, Head of Debt Advisory at JLL for Asia Pacific added, “Advising on a transaction of this scale in the Maldives is a landmark for the country’s hospitality industry and JLL’s evolving debt financing footprint regionally.”
This refinancing deal follows JLL’s recognition as the leading advisor for Asia Pacific Hotels investment sales in 2024 by MSCI Real Assets for the 13th consecutive year. To date, JLL has been involved in advising approximately $2.0 billion worth of resort transactions in the Maldives.
In summary, JLL’s recent debt refinancing for Amingiri Holdings marks a pivotal moment in the Maldivian hospitality sector, showcasing the potential for future financial engagements in the region. As JLL expands its operations and focus within the Maldives, it reaffirms its commitment to delivering tailored financing solutions to satisfy increasing demand in this market. The Hilton Maldives Amingiri Resort & Spa stands as a key asset within this expanding landscape.
Original Source: www.thehotelconversation.com.au
