London's iconic St Pancras Renaissance Hotel has completed a £67 million (approx. 80 million) refinancing, with funding from Barclays Corporate and RBS. The new funding facility will enable the five-star hotel to continue to invest in and develop its renowned facilities.
After more than 10 years of restoration work the Grade I-listed building - which is located next to the St Pancras International Eurostar Terminal - opened to unprecedented critical acclaim on May 5, 2011. The hotel has 245 rooms, including 37 suites, as well as a multi award winning spa, The Gilbert Scott restaurant by Marcus Wareing and the Booking Office bar.
The hotel, operated by Marriott, is co-owned by Manhattan Loft Corporation and Lord Fink.
Tim Helliwell, Head of Hotel Finance at Barclays Corporate, said: "The St Pancras Renaissance Hotel's rich history and impressive architecture ensures it stands out as one of London's most iconic buildings.
"Even in these more austere times, London continues to draw increasing numbers of visitors, and it is testimony to the hotel industry's ability to restore and develop new venues, such as the St Pancras Renaissance Hotel, that ensures London remains one of the most popular tourist destinations worldwide.
"The St Pancras Renaissance Hotel is a great establishment and the owners and management team have a proven track record of successful hotel development."
Neil Parry, Head of Consumer Industries, RBS said: "We are very pleased to be supporting the owners and management by providing further funding to this flagship hotel. The design and renovation of this original gothic landmark has resulted in an impressive and successful restoration that will establish the St Pancras Renaissance as one of London's top destination hotels for years to come.
"RBS is pleased to be continuing to support the hotel and leisure sector at this time."
Source: Barclays Corporate