Aareal Bank has arranged a €250 million refinancing for InterGlobe’s pan-European lifestyle hotel portfolio, which includes nine properties across seven European countries. The majority of these hotels will operate under InterGlobe’s lifestyle brand, Miiro. The financing supports InterGlobe’s plan to upgrade and reposition assets it has acquired, including former K+K properties.
Expansion of the Miiro brand
Miiro, fully owned by InterGlobe Enterprises UK Ltd., represents the company’s push into individually designed, lifestyle-focused hotels in major European destinations. The brand launched its first properties in Paris and Barcelona in summer 2024. London followed in 2025 with the opening of the Templeton Garden. InterGlobe has also renovated two hotels in Vienna—one opened in November 2025 and the second is scheduled for early 2026.
InterGlobe, founded in 1989, is one of India’s leading conglomerates, active in aviation, hospitality, and travel-related services. Its goal for Miiro is to acquire high-potential assets and elevate them into a cohesive, boutique-style portfolio.
Support for upgrading and repositioning
Bettina Graef-Parker, Managing Director Special Property Finance at Aareal Bank AG, said, “Upgrading existing hotels and repositioning them as lifestyle properties under InterGlobe´s new brand Miiro is certainly a value-add to the portfolio.”
Neena Gupta, CEO of Miiro and Executive Director of Group Strategy and International Hospitality at InterGlobe Enterprises, added, “We have been deeply impressed by the profound sector knowledge of Aareal Bank’s team, which is grounded in a strong expertise of the hospitality industry.”
The transaction reflects Aareal Bank’s continued involvement in the hospitality sector and its support for sponsors focused on upgrading distinctive assets in key global markets. Legal advice for the financing was provided by DLA, and property valuations were conducted by HVS.
