Europe: Aareal Bank has arranged a €250 million refinancing facility for InterGlobe’s lifestyle hotel brand Miiro, which operates nine properties across Europe.
The financing supports InterGlobe’s strategy to reposition and upgrade acquired assets, including former K+K properties.
The brand launched its first hotels in Paris and Barcelona in summer 2024, followed by London in 2025. Two additional properties in Vienna have undergone a renovation, one of which opened in November 2025, and the other is set to open in early 2026.
Neena Gupta, CEO of Miiro and executive director of group strategy and international hospitality at InterGlobe Enterprises, said: “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 financing aligns well with InterGlobe’s broader goals: acquiring high-potential European assets, increasing their value, and scaling a boutique-style hotel business.”
Bettina Graef-Parker, managing director special property finance at Aareal Bank AG, said: “We are pleased to celebrate the successful refinancing of the portfolio, as part of InterGlobe’s large-scale renovation and rebranding program. Upgrading existing hotels and repositioning them as lifestyle properties under InterGlobe’s new brand Miiro is certainly a value-add to the portfolio.”
Highlights:
- Miiro has secured a €250 million refinancing facility from Aareal Bank to upgrade and reposition its expanding European hotel portfolio.
- The financing supports InterGlobe’s strategy to renovate former K+K properties and scale Miiro as a boutique lifestyle brand across Europe.
- Miiro currently operates nine hotels in Europe, with recent launches in Paris and Barcelona (2024) and London (2025).
- Two Vienna properties have undergone renovations, with one opening in November 2025 and the second slated for early 2026.
