Cheyne Capital has provided a €62m senior loan to Samla Capital Oy to finance the redevelopment of The Hotel Maria, a luxury hotel located in the heart of Kruununhaka, Helsinki. This project represents Cheyne’s second real estate transaction in Finland.
The Hotel Maria is a uniquely positioned five star luxury hotel with a central location in Kruununhaka. It consists of four beautiful, historic buildings (ca 14,000m²) that are being comprehensively reconfigured and refurbished, without compromising the original exterior. The finished hotel will consist of 117 rooms, two restaurants, two bars, a spa, a gym and a ballroom, as well as a small chapel. The hotel is expected to open in December 2023.
Samppa Lajunen, Founder and Portfolio Manager of Samla Capital Oy commented: “The Hotel Maria is a significant new arrival on the Finnish hotel scene, offering an enhanced experience for guests who appreciate Nordic hospitality and authenticity. Luxury tourism is a growing market and the demand for hotels that meet this need is also emerging across Finland. We are pleased to be partnering with Cheyne Capital, who understands the value of The Hotel Maria's concept and the luxury hotel sector.”
Daniel Schuldes and Michael Fournier of Cheyne Capital said: “As a firm, we continue to see attractive lending opportunities in the luxury hotel sector as consumers seek out enhanced lifestyle experiences. We’re therefore proud to support Samla Capital Oy with the financing of this prestigious project and look forward to the delivery of a world-class hotel in Finland.”
