Viceroy Hotel $300 million real estate financing

1/8/2015

Real estate finance

Value:

$ 300 million

Status:

Completed

Date:

1/8/2015

Overview:

SKAI Holdings has taken out $300 million in new financing.
The conventional and Islamic funds will be used to finance the construction of the Viceroy Hotel on the Palm Jumeriah.
Seven banks including Abu Dhabi Islamic Bank, Invest Bank and Arab African International Bank acted as lenders.

Sam Duke - Editor

Jurisdiction:

United Arab Emirates

Deal type:

Real estate finance

Practice areas:

Banking
Islamic finance
Real estate finance

Industry sector:

Real estate

Firm:

Latham & Watkins

Party: SKAI Holdings (Borrower)

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