JLL Advises on Landmark Debt Refinancing for Hilton Maldives Amingiri Resort & Spa

JLL has advised on a key debt refinancing program for Amingiri Holdings, owners of Hilton Maldives Amingiri Resort & Spa. This deal reflects JLL’s extensive experience in the Maldives and aims to stimulate increased debt financing activities in the region, appealing to international lenders. JLL continues to solidify its position as a leader in Asia Pacific hotels investment sales, having facilitated substantial resort transactions in the Maldives.

JLL has successfully advised on a notable debt refinancing program for Amingiri Holdings Pvt. Ltd., the owner of Hilton Maldives Amingiri Resort & Spa. This pivotal deal reflects JLL’s extensive experience in the Maldives hospitality sector and represents a substantial growth in the firm’s services within this vital market. JLL anticipates that its advisory involvement in this transaction could spur more debt financing opportunities in the Maldives, attracting a wider array of international lenders.

Amingiri Holdings is a hospitality-oriented subsidiary of Amin Construction Pvt. Ltd., a leading real estate firm in the Maldives. JLL’s collaboration involved its Hotels & Hospitality Group and Debt & Structured Finance teams in Singapore, which facilitated the refinancing through arrangements with an international bank that acted as the arranger, facility agent, and security agent for the loan.

Nihat Ercan, CEO of JLL’s Hotels & Hospitality Group for Asia Pacific, expressed pride in advancing JLL’s commitment to the Maldives, stating, “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, features 109 luxurious keys across beach and overwater villas, situated on Amingiri Island in the North Malé Atoll, conveniently located 20 minutes by speedboat from Velana International Airport.

Paul Brindley, Head of Debt Advisory for Asia Pacific at JLL, highlighted the significance of the transaction, noting, “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.” He emphasized the growing demand for structured finance services among hotel operators and indicated that JLL’s involvement could pave the way for financing in diverse markets.

This endeavor follows JLL’s recent recognition as the top advisor for Asia Pacific Hotels investment sales in 2024 by MSCI Real Assets for the 13th consecutive year. To date, JLL has facilitated approximately $2.0 billion in resort transactions within the Maldives.

In conclusion, JLL has marked a significant achievement by advising on the debt refinancing for Amingiri Holdings, enhancing its services in the Maldives hospitality sector. The transaction is poised to stimulate further financing activity, reflecting a burgeoning interest in diverse programs for hotel owners. With this strategic advisory role, JLL aims to broaden its presence in non-traditional markets and reinforce its leadership within the Asia Pacific hotels investment landscape.

Original Source: www.thehotelconversation.com.au