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Canada: Lender Aareal Bank AG has provided refinancing to Carbonleo, a Canadian real estate development and management company, for the Four Seasons Hotel Montreal.
Germany-based Aareal Bank acted as arranger, facility agent, and security agent for the transaction.
Carbonleo is a private Canadian real estate development and management company founded in 2012 by Andrew Lutfy. The company focuses on mixed-use and experiential real estate development, particularly on cityscape projects.
The 169-room, mixed-use Four Seasons Hotel opened in 2019 and is located in the Golden Square Mile of Montreal. 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, vice president of investments at Carbonleo, said: “It is a great honour to establish this new partnership with Aareal Bank, built on trust, expertise, and a shared vision for the future hospitality in prime urban markets.”
Bettina Graef-Parker, managing director of special property finance at Aareal Bank, added: “We are pleased to support Carbonleo, a forward-thinking and highly respected partner, with this strategic refinancing. The Four Seasons Hotel Montreal is not only an outstanding asset in one of Canada’s premier urban markets, but also a benchmark for sustainable luxury hospitality and modern mixed-use development. This transaction reflects our confidence in the resilience and long-term potential of high-quality, sustainable assets in core 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.
