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Real estate lender Cohort Capital has provided a £96m senior loan facility to refinance two hotels in London and northern England.
The four-star hotels have a combined 510 beds and form part of a wider £240m restructuring involving four UK hotel assets. The refinancing is intended to support future expansion.
Matt Thame, founder of Cohort Capital, said: “These are strong performing assets in locations well insulated from fluctuations in the hospitality market. The ownership team has a clear growth vision, and we are pleased to support them.
“We remain open to new opportunities, with a healthy and growing pipeline of over £350m in new hospitality deals currently under review in the UK and Europe.”
Cohort Capital, which launched in 2020, has now deployed more than £300m in hotel loans. Previous deals include a £73m financing of the NoMad Hotel in London’s Covent Garden.
The company expects to close £150m in new lending in July, of which £70m is likely to involve central London hotels.
Since its launch, Cohort Capital has deployed £1.3bn across real estate sectors, with an average loan execution time of 15 days.
Real estate lender Cohort Capital has provided a £96m senior loan facility to refinance two hotels in London and northern England.
The four-star hotels have a combined 510 beds and form part of a wider £240m restructuring involving four UK hotel assets. The refinancing is intended to support future expansion.
Matt Thame, founder of Cohort Capital, said: “These are strong performing assets in locations well insulated from fluctuations in the hospitality market. The ownership team has a clear growth vision, and we are pleased to support them.
“We remain open to new opportunities, with a healthy and growing pipeline of over £350m in new hospitality deals currently under review in the UK and Europe.”
Cohort Capital, which launched in 2020, has now deployed more than £300m in hotel loans. Previous deals include a £73m financing of the NoMad Hotel in London’s Covent Garden.
The company expects to close £150m in new lending in July, of which £70m is likely to involve central London hotels.
Since its launch, Cohort Capital has deployed £1.3bn across real estate sectors, with an average loan execution time of 15 days.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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