Aareal Bank Funds Acquisition of Marriott Zurich

Aareal Bank AG has completed a financing facility for Pictet Real Estate Capital's acquisition of Marriott Zurich. This 5-star hotel is strategically located in downtown Zurich, adding to Pictet's managed real estate assets, which total around USD 5 billion. The deal, finalized on June 10, 2026, strengthens the relationship between Aareal Bank and Pictet Alternative Advisors.

Marriott Zurich features 266 rooms and extensive business facilities. It benefits from its prime location by the Limmat River and ongoing refurbishment efforts, ensuring its appeal to both business and leisure travelers.

Vertell Asset Management will manage the property, enhancing its operational capabilities. Bettina Graef-Parker of Aareal Bank expressed confidence in the property’s prospects, citing continued institutional interest in prime hotel assets.

Aareal Bank served as arranger and agent, with legal advice from CMS and CBRE as valuation advisor.