Giambrone advises Income Property Investments Group on the refinancing of its US hotel portfolio

International law firm Giambrone (SLG) is advising Income Property Investments Group, an investment group with a portfolio of hotels throughout America, on its EUR100 million re-financing of a fund structure, holding a portfolio of 40 hotels 

The loan facilities were granted to re-finance existing facilities and to provide working capital for further expansion across the US. The transaction is expected to be completed in the third quarter of 2016.

IPI Group employs over 400 people across its 40 hotels currently owned and managed across the United States. Notable geographic representation includes metropolitan areas in California, Florida, Nevada and Wisconsin.

The cross-departmental team was led by Real estate partner Gabriele Giambrone, assisted by senior associate Gonzalo Butori. 

Corporate partner Luja Ling and finance partner Massimiliano Fabrini are also advising on the deal.

Giambrone has extensive expertise in advising on real estate finance matters. Our specialist real estate finance team is part of a cross-departmental group of lawyers across its international offices, all of whom are experienced in all aspects of international real estate investment, development and finance transactions and with wide-ranging experience of working with banks and specialist non-bank lenders, together with investors and developers.