Wednesday, 8 July 2026
Revetas Capital and funds managed by Cerberus Capital Management have completed a €123 million refinancing of the Radisson Blu Hotel Bucharest complex.
The refinancing facility was underwritten by Deutsche Pfandbriefbank AG (pbb), which acted as sole arranger and lender. According to the parties, the transaction is the largest financing completed for a single hotel asset in Romania.
The financing closed at the end of June 2026, less than five months after the refinancing process began.
The Radisson Blu Hotel Complex comprises the Radisson Blu Hotel Bucharest and the Park Inn by Radisson Bucharest Hotel & Residence, providing a combined 835 rooms across interconnected buildings with a total gross built area of approximately 86,000 sqm. The property also includes conference facilities, restaurants, fitness amenities and entertainment venues centred around a shared courtyard.
Since 2019, the owners have invested more than €30 million in refurbishing the complex, including upgrades to guest rooms, meeting facilities, restaurants and other public areas. The refinancing also consolidates the property’s previous financing arrangements into a single facility.
According to Revetas Capital, the transaction demonstrates continued interest from international institutional lenders in the Romanian hospitality sector. The company noted that pbb, which does not have a retail banking presence in Romania, provided the entire financing facility.
The Radisson Blu Hotel Bucharest received the title of Romania’s Leading Business Hotel at the World Travel Awards in both 2023 and 2024. In 2025, it also became the first five-star hotel in Bucharest to achieve a BREEAM In-Use Excellent certification.
Wolf Theiss acted as legal adviser to the borrower, while Kinstellar advised Deutsche Pfandbriefbank. Sentient served as technical adviser to the lender.
