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Asset:
Marylebone Lane Hotel Development
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Loan Amount:
£230m
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Year:
2020
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Client:
Shiva Hotels
- Shiva Hotels is developing a new 199-keys luxury lifestyle hotel in the crossroads between Marylebone Village and Mayfair
- The hotel will be the first in a collection of 4 design-led, F&B-driven, highly curated luxury hotels being developed by the group. Opening is expected in early 2023.
- We worked with the client to secure a £230m development finance loan from Cale Street and Crosstree. The loan will finance development through to Practical Completion and opening of the hotel.
- The loan was closed during lockdown, a time of great uncertainty for the hospitality industry. Success of the financing is a testament to the enduring appeal of London as a tourist destination.
