DEALS
Zhong Lun advises Andaz Shanghai Hotel on its Financing Project
Zhong Lun advises Andaz Shanghai Hotel on its Financing Project
Recently, Andaz Shanghai Hotel accomplished its loan restructuring by receiving the RMB 750 Million term loan facility granted by Bank of China, which will be utilized for the prepayment of the USD loan granted by a syndication consisting of CITIC Bank International Limited and Fubon Bank (Hong Kong) Limited, and for the development and construction of Andaz Shanghai Hotel.
Andaz Shanghai Hotel is located at Xintiandi, the most famous commercial landmark of Shanghai. It marks the first appearance of brand “Andaz" (one of the luxury brands under Hyatt in Asia Pacific when Hyatt introduced it to China. The completion of the loan restructuring will facilitate and promote the implementation of Andaz Shanghai Hotel Project.
The Zhong Lun team, led by Shirley Lu (partner) and also composed of David Chen and Will Lu (associates) from Shanghai Office, acted as legal counsel for the borrower and provided full-range legal services. Partner Anthony Qiao also provided great support to this project.
