Moody's assigns B3 to Motel One loans

Moody's Ratings said it assigned a B3 corporate family rating to One Hotels GmbH (Motel One).

Moody's also assigned a B3-PD probability of default rating and a B3 rating to the €800 million senior secured term loan B due 2031 and the €100 million senior secured revolving credit facility due 2030.

The outlook is positive.

“The ratings balance Motel One's good market position as a hotel operator and growth track record with high leverage and moderate cash flow generation,” said Oliver Schmitt, vice president – senior credit officer and lead analyst for Motel One, in a news release.

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