arranged and structured the transactionReal Estate
Entered into franchise agreement
Swissotel, part of AccorHotels, the world-leading travel & lifestyle group, has entered into franchise agreement with Al Shiddi International for development of a new 218-room urban resort scheduled to open in early 2018. Situated next to Bosnian Parliament, within Sarajevo City Center, consisting of shopping mall and office tower with 30,000 daily visitors, Swissotel Sarajevo will enjoy a commanding downtown commercial and residential location, as a new landmark for Sarajevo, close to top attractions and Sarajevo International Airport.
Al Shiddi International, Saudi Arabia.
Ascendant project finance arranged and structured the transaction in bringing together Al Shiddi Group and Swissotel.