The loan was to long-standing client Fattal Hotels Group to support the Leonardo Hotel Verona, The Leonardo City Centre Milan, and the Leonardo Boutique Rome Termini.

Fattal also owns the NYX Hotel in Milan, Leonardo Hotel in Lake Garda, and the NYX Hotel Rome.

Last year, Leumi UK lent approximately £44m to finance the acquisition and refurbishment of the famous Grand Brighton Hotel owned by Fattal.

Liam Mullans, Relationship Director at Leumi UK, said: “This deal was lengthy and complex, demanding considerable time and specialized legal knowledge to get us to completion stage.

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“Our team worked diligently with our borrower, whose strong market position and excellent track record meant that we were able to cross every hurdle, manage the deal's intricacies and secure a successful outcome for both parties.

“We look forward to monitoring this deal and collaborating with the team on future projects, especially given the current strength of the hotel market.”

Molly Katz, CFO at Fattal Hotel Group, said: “We’re excited to continue our partnership with Leumi, who consistently demonstrate trust in our vision and dedication to enhancing the hospitality experience in Italy.

“With Italy being a major focus for Fattal, we look forward to exploring new growth and expansion opportunities in this exciting and thriving sector.”