In a move that underscores the enduring appeal of premium hospitality assets, Avignon Capital and Legal & General have successfully closed a €34m refinancing deal for the iconic Hilton The Hague. Situated in the heart of the Dutch administrative capital, the 5-star hotel continues to perform strongly in a sector where operational resilience and international brand equity are vital.
The new three-year facility, backed by L&G’s growing European real estate debt platform, marks the beginning of a strategic lending partnership between the two firms. The refinancing aligns with Avignon’s ongoing portfolio optimisation strategy and secures flexibility for Hilton The Hague’s long-term business ambitions. At a time when the hospitality sector is recovering momentum, such activity reflects renewed lender confidence in well-located, high-performance assets.
Centrally positioned within The Hague’s prestigious embassy district and adjacent to the Noordeinde Royal Palace, Hilton The Hague is a top performer within the Dutch hotel market. Its prime location, coupled with steady demand from diplomatic, business and leisure visitors, positions it as a core stabiliser in any diversified real estate portfolio. For investors, this also highlights the growing trend toward high-end hospitality assets as inflation-resilient, income-generating real estate classes.
“We are pleased to complete the refinance of Hilton The Hague, which demonstrates the strength of the asset and its location, underlining the resilience of a market-leading hotel in the city. I am grateful for the excellent cooperation of all stakeholders involved making it possible to achieve a strong refinancing outcome for the Hilton The Hague and the award-winning restaurant BlueBlood,” said Floris Ledder, Netherlands Director at Avignon Capital.
“As part of our continued expansion in Europe, we are delighted to be working alongside Avignon Capital and the team at Hilton The Hague. The transaction demonstrates attractive lending credentials in a target market, which is well-aligned to our ambition of driving substantial growth across our UK and European Real Estate Debt business,” added James Spencer-Jones, Head of Real Estate Debt – UK & Europe at L&G.
As the hospitality industry transitions into a new phase of stability and growth, this transaction showcases a model for strategic refinancing of trophy assets in Tier 1 cities. Notably, the inclusion of high-performing F&B outlets like BlueBlood adds further value and diversification for stakeholders. Both firms were advised by top-tier legal counsel: Clifford Chance for Avignon and Simmons & Simmons for L&G.
People mentioned
Floris Ledder – Netherlands Director, Avignon Capital
James Spencer-Jones – Head of Real Estate Debt – UK & Europe, Asset Management, Legal & General
Companies mentioned
Avignon Capital – European property investment and asset management firm
Legal & General – Global asset manager, lender in the refinancing
Hilton The Hague – 5-star hotel asset refinanced
Clifford Chance – Legal advisor to Avignon Capital
Simmons & Simmons – Legal advisor to Legal & General
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