88
Mortgages
Mortgage loans and credits, whether syndicated or not, can be broken down as follows (€Thousand):
Mortgaged asset
Fixed rate
Variable
Interest
Total
Net book
value
mortgaged
asset
Spain
NH Lagasca
-
7,360
7,360
17,156
NH Príncipe de La Paz
-
2,765
2,765
7,377
Total Spain
-
10,125
10,125
24,533
Mexico
NH Qerétaro
-
2,231
2,231
6,082
NH Santa Fe
-
2,508
2,508
8,828
Total Mexico
-
4,739
4,739
14,903
Netherlands
NH Carlton
-
-
-
-
NH Groningen
-
2,088
2,088
6,255
NH Rotterdam
-
11,463
11,463
13,659
Total Netherlands
-
13,551
13,551
19,914
Germany
NH Leipzig Messe
6,710
-
6,710
12,989
NH Bingen & Viernheim
5,400
-
5,400
10,313
NH Airport Raunheim
15,200
-
15,200
10,936
NH Aukamm Wiesbaden
8,241
-
8,241
1,159
Total Germany
35,551
-
35,551
35,397
Italy
NH Ancona, NH Palermo, NH Cavalieri, NH Ravenna., NH Vitorio Venetto
-
36,250
36,250
139,320
NH Torino Ambasaciori
-
625
625
15,977
NH Milanofiori y centro de convenciones
-
5,400
5,400
42,555
NH Bellini
-
833
833
8,481
NH Genova
-
2,371
2,371
21,932
NH Villa San Mauro
-
2,749
2,749
4,175
Total Italy
-
48,228
48,228
232,440
Switzerland
NH Fribourg
4,491
-
4,491
9,264
Total Switzerland
4,491
-
4,491
9,264
Total
40,042
76,643
116,685
336,451
On 31 December 2014, NH Italia S.P.A pre-paid a €20,000 thousand loan backed by a mortgage on the hotels NH Ancona, NH Palermo, NH Cavalieri,
NH Ravenna and NH Vittorio Veneto with part of the funds from the sale of Sotogrande, S.A. On 13 February 2015 an agreement was formalised with
a group of four Spanish financial entities to refinance the same loan with a new mortgage on the hotel NH Carlton (Netherlands). This loan matures
in November 2017, with partial annual repayments of €8,000 thousand on the first two anniversaries and a final payment on the third anniversary
of €24,000 thousand.
Assets granted as mortgage security against the syndicated loan of €200,000 thousand and guaranteed senior notes of €250,000 thousand, can
be broken down as follows (€thousand):
REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
