Octopus Real Estate has worked with Arc & Co to complete the €22.6m (£19.25m) refinancing of a city centre Hampton by Hilton hotel. The purpose-built 200-bedroom hotel was developed by the borrower in 2013 and provides facilities including restaurants, bars, coffee-shop, conference centre, gym and generous on-site parking. The hotel is centrally located in a prime South East city. It is directly opposite several major transport connections, at the heart of a major mixed-use development and regeneration scheme. With easy access to central London, the hotel benefits from strong leisure and business client occupation, underpinning its consistently robust performance.
Dominic Gibson, Investment Director at Octopus Real Estate, said: “This is another significant UK hotel financing for Octopus Real Estate. The sector has performed well throughout uncertain times, and our appetite for funding branded hotels is extremely strong. We have worked closely with Arc & Co for many years, providing funding to their high-quality client base across a range of asset classes. Broker relationships and repeat business underpin our lending and we are extremely grateful to Arc & Co for their continued support.”
Edward Horn-Smith, Managing Director – Structured Finance at Arc & Co, commented: “We are always excited to work with a borrower to help them structure and expand their real estate portfolios. The loan provided by Octopus Real Estate has once again supported an important client of ours who has a proven ability in the real estate development, investment and management markets.”
