Canada: Lender Aareal Bank AG provided refinancing for Carbonleo. Canadian real estate development and management companyFour Seasons Hotel Montreal
Aareal Bank, a German bank, acted as the arranger, facility agent and security agent in this transaction.
Carbonleo, a Canadian private real estate development company founded by Andrew Lutfy in 2012, is a privately owned Canadian firm. The company is focused on real estate development that is experiential and mixed-use, especially cityscape projects.
Four Seasons Hotel in Montreal, with 169 rooms and mixed use, opened in 2019. It is located on the Golden Square Mile. It has been awarded Green Key Global’s highest distinction – a five-key eco-rating – and also offers high-end retail as well as exclusive private residences.
Antoine Bernier said that it was an honour to form this new partnership with Aareal Bank. It is based on trust, expertise and a common vision for the future of hospitality in urban markets.
Bettina Greef-Parker is the managing director for special property financing at Aareal Bank“We are delighted to support Carbonleo – a forward thinking and highly respected business partner – with this strategic financing. The Four Seasons Hotel Montreal not only represents an outstanding asset within one of Canada’s leading urban markets but is also a benchmark in sustainable luxury hospitality, as well a mixed-use modern development. This transaction reflects confidence in the long-term viability of high-quality assets in central urban locations.
Highlights:
• Aareal Bank has closed refinancing with Carbonleo for the Four Seasons Hotel Montreal.
• Aareal acted as arranger, facility agent, and security agent for the transaction.
• Opened in 2019 with 169 rooms, the mixed-use hotel is located in the Golden Square Mile of Montreal.
