Arranged and structured the Swissotel transaction

Swissotel

Overview

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.

The Investor

Al Shiddi International, Saudi Arabia.

The Deal

Ascendant project finance arranged and structured the transaction in bringing together Al Shiddi Group and Swissotel.