Cohort Capital funds £96m hotel refinancing deal
By Tara SammonsCohort Capital has provided a £96m senior loan facility to refinance two hotels located in London and northern England.
Section: Case Studies
The two four-star hotels, comprising a combined total of 510 beds, are both in city-centre locations.
The refinancing supports a wider restructuring involving four UK hotel assets with a total value of £240m.
Matt Thame, founder of Cohort Capital (pictured above), commented: “These are strong-performing assets in locations well insulated from fluctuations in the hospitality market.
“The ownership team has a clear growth vision, and we are pleased to support them.
“Our private capital backing and experienced team allow us to act decisively and deploy capital swiftly.”
Matt continued: “This latest deal demonstrates our ability to provide bespoke capital solutions at pace.
“We are pleased we could step in to deliver a fast, tailored refinancing solution that met the borrower’s objectives.”
Cohort Capital has now deployed over £300m in hotel loans, including its landmark £73m financing of the NoMad Hotel in London’s Covent Garden.
The firm reported that it expects to close a further £150m in lending in July, £70m of which is likely to be in the hospitality market in Central London.
Keywords: cohort capital loan, £96m hotel refinancing, uk hotel assets, london hospitality finance, northern england hotels, senior loan facility, 510 bed hotels, matt thame quote, bespoke capital solutions, private credit lending, £240m portfolio restructuring, nomad hotel london