Shortlisted forĀ Debt Advisor of the Year in the Real Estate Capital 2018 Awards

London:
  • Finance:

    Staybridge Suites London & Holiday Inn London, Bath Road, Heathrow

  • Loan Amount:

    55m

  • Year:

    2019

  • Client:

    Lux Propco

  • Refinance of a development facility on a term loan for the newly completed 600 room hotel & suites from IHG, divided into Staybridge Suites and Holiday Inn
  • Prime location on Bath Road close to all terminals with large surface car park
  • The brief was to arrange a competitively priced term loan despite the hotels having no trading history
  • A new 3 year facility was delivered with a ratcheted pricing structure aligned with the business plan