AIB BANK N.V. reaches Financial Close of USD 171.4 million for Hilton Aruba Caribbean Resort & Casino

The transaction consists of an amendment to the existing facility and capital raising for additional funds which will be applied towards the development and construction of a new tower consisting of 161 rooms and renovations of the existing guestrooms and various public spaces.

The hotel currently features three room towers and comprises of 357 rooms. Upon completion of the construction, which is expected to be finalized in 2025, the hotel will have a total of four towers consisting of 518 guestrooms. This project will not only benefit the hotel sector in Aruba, but also the local economy in general.

AIB BANK N.V. is grateful for the confidence entrusted to it once more by the group, who selected AIB BANK N.V. as Mandated Lead Arranger, lender and Agent in this financing. Furthermore, AIB BANK N.V. thanks the lenders who participated in this consortium together with AIB BANK N.V. and congratulates them on the successful conclusion of this transaction. AIB BANK N.V. is also grateful to all those who participated in realizing this successful transaction, including VANEPS who acted as deal counsel, Brown Lawyers and HBN law & tax as legal counsel to the hotel, Johnson’s Notary and the Syndication team of AIB BANK N.V. The members of this consortium are proud to contribute to the further development of this iconic hotel in Aruba.