Solutus are delighted to be providing loan agency services for Cheyne Capital on this 1,300 bedroom London hotel portfolio. #crefinance #loanservicing
It's been a pleasure to provide a £525 million senior loan to Fattal Hotels alongside our longstanding partner Migdal Insurance. In Fattal, we have both an operator of the highest calibre as well as a funding partner that is willing to step up when required. The London hotel market is proving to be a compelling investment opportunity as it continues to recover post COVID-19 and we will continue to seek out best-in-class investments such as this. Totalling over 1,300 bedrooms, the four hotels being refinanced are the NYX Hotel London Holborn, Leonardo Royal Hotel London City, Leonardo Royal Hotel London Tower Bridge and Leonardo Royal Hotel London St Paul's. These well-performing hotels have undergone significant refurbishment since being acquired by Fattal in 2019. They provide high-quality facilities, including meeting and event spaces, bars and restaurants, swimming pools, gyms, beauty spas and holistic therapy rooms. With each hotel being close to London's most popular attractions, they are well positioned to meet the needs of London's growing tourist numbers. #realestatedebt #realestatecredit #seniorlending https://lnkd.in/g8FEmRzy