Munich, London, Bucharest, 30th June 2026 – Deutsche Pfandbriefbank AG (pbb) has underwritten a €123mn investment facility on behalf of funds and accounts managed by Cerberus Capital Management, L.P. (“Cerberus”) and Revetas Capital (“Revetas”) to refinance the Radisson Blu Hotel Complex in the heart of Bucharest. pbb acted as arranger and sole lender under the facility. 

The Hotel complex is split into a Radisson Blu and Park Inn Hotel, offering 785 rooms spread across 12 interconnected buildings with a total floor area of c. 72.8k sqm surrounding the courtyard swimming pool. Since 2019 it has been fully refurbished with a reconstruction budget exceeding €25mn. Among the freshly refurbished and modern facilities, guests also benefit from many amenities situated within the complex.

About Cerberus

Founded in 1992, Cerberus is a global alternative investment firm with approximately $70 billion in assets across complementary credit, private equity, and real estate strategies. Cerberus invests across the capital structure where it believes its integrated investment platforms and proprietary operating capabilities can help to improve performance and drive long-term value. Cerberus’s tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek to achieve strong risk-adjusted returns for investors. For more information visit www.cerberus.com. 

About Revetas

Revetas Group is a vertically integrated international institutional investment platform, specializing in value-add, opportunistic and distressed opportunities and special situations. With offices in London, Vienna and Luxembourg, Revetas Group serves a global investor base, including institutional investors, pension and endowment funds, investment managers, family offices, and ultra-high-net-worth individuals. 

The Group has managed, advised, invested in, and/or developed over €7.9 billion in real estate and is supported by a team of around 80 professionals, bringing deep expertise and hands-on execution to complex real estate investments across Europe and the U.S. 

The firm is deeply linked to Cerberus Capital Management, having acted as joint-venture partners on major Pan-European commercial real estate transactions. For more information visit  www.revetas.com