The loan comes as part of a £15.2m property acquisition on Westbourne Terrace in Paddington, the latest addition to the company’s portfolio of central London hotels.

Mark Breen, managing Director at Capilon Hotels said: “Completing this £15m purchase is a fantastic example of our growth within the nation’s capital and will ensure that we continue to deliver the best possible service to its many visitors.

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“We would like to thank BloomSmith for their role in supporting the acquisition, they have worked diligently to help deliver VAT funding for this purchase and we look forward to working with them again in the future.”

Nigel Smith, CEO at BloomSmith, said: “Working in partnership with Capilon Hotels is a fine example of a key strategic partnership delivering holistic funding opportunities for investors.”