The transaction involved refinancing of Caribia hotel & spa property operated by Holiday Club Resorts and owned by a consortium of Danish private investors.
News release
25 April 2025
JLL acted as the debt & financial advisor in the refinancing of a hotel & spa property
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Turku Ausade Hotelli Oy has successfully refinanced the existing debt facilities with a new 3-year loan. The transaction was successful in improving the financing terms & conditions on the Holiday Club Turun Caribia hotel property. In addition to repayment of the outstanding loan, the new loan allows for distribution for the consortium of owners.
JLL acted as the debt & financial advisor to the property owners in conjunction with the transaction.
Thue Stagsted, Consortium representative & board member of Turku Ausade Hotelli Oy: “The consortium originally acquired the asset in 2006 driven by their focus on the asset’s stability and strong cash flow profile. The owners have since managed and developed the asset actively and in good collaboration with the current main tenant Holiday Club Resorts. This financing facility matches well with our strategic plans for developing the asset and its surroundings.”
Eemeli Lehto, Head of Debt and Financial Advisory, JLL Finland: "We are pleased to have advised the asset’s owners on this successful refinancing project which is a testament of the improved performance of the hotel & spa property following the challenges brought on by the pandemic and the subsequent period of inflationary environment.”
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.