Granted through BT Italy Branch, the loan is intended to refinance the hotel’s development costs.
Banca Transilvania has been present on the Italian market since 2014. For Banca Transilvania, this represents its largest cross-border financing to date – a strategic investment in Venice’s hospitality industry, one of Europe’s most visited tourist destinations, supporting the region’s economic and tourism development.
Hampton by Hilton Venice Isola Nuova, managed by UAB Apex Alliance Hotel Management, is one of the key hotel landmarks in the Venice metropolitan area. With over 300 rooms and easy access to the city’s main attractions, the hotel caters to both tourists and corporate clients, contributing to the diversification and modernization of the region’s accommodation offerings.
“This transaction represents the largest financing within our partnership with Banca Transilvania, matching our ambitions in Italy. The bank’s ability to operate cross-border through its dedicated local presence, BT Italy Branch, is a real operational advantage for us. This refinancing demonstrates our commitment to the hospitality industry in Italy and our capacity to deliver large-scale projects supported by strong financial partnerships,” said Vytautas Drumelis, Partner at Apex Alliance.
“This financing – and the entire process behind its success – gives us the opportunity to demonstrate BT’s ability to structure complex transactions and work in an integrated way with teams from Romania and Italy. This project paves the way for other cross-border deals and helps the bank compete at the top level of European financing. We thank our client for their trust and excellent collaboration,” said Cosmin Calin, Senior Executive Director for Large Companies, Structured Finance, and Factoring at Banca Transilvania.
BT Italy Branch has over 7,000 clients, of which some 300 are companies. The branch contributes to cross-border financing and strengthens Banca Transilvania’s relationships with the Romanian-Italian business community and the Romanian diaspora in Italy.