London:
  • Asset:

    Marylebone Lane Hotel Development

  • Loan Amount:

    £230m

  • Year:

    2020

  • 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.