Duet Private Equity Ltd (“Duet”), through the European Real Estate Debt Fund, which it advises, has completed a €14.5m mezzanine financing secured by a portfolio of hotels in Germany owned by Blackstone Real Estate Partners (“BREP”) International Fund II and BREP Fund V. The hotels, including the Grand Esplanade in Berlin, were previously financed by Citibank. The senior debt was provided by Deutsche Bank AG, London.