Octopus Real Estate completes £19.25m refinance of Hampton by Hilton hotel
By Beth FisherOctopus Real Estate has teamed up with Arc & Co to complete the multi-million-pound refinancing of a Hampton by Hilton hotel in a prime city in south-east England
Section: Case Studies
The borrower developed the purpose-built, 200-bedroom hotel — which includes restaurants, bars, a coffee shop, conference centre and a gym — in 2013.
Octopus Real Estate has deployed over £235m, across 40 loans, secured on branded hotels and consented hotel sites across the country.
Dominic Gibson, investment director at Octopus Real Estate, said that this was another “significant” UK hotel financing for the lender.
“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 its high-quality client base across a range of asset classes.”
Edward Horn-Smith, managing director of structured finance at Arc & Co, added: “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.”
Keywords: octopus real estate, dominic Gibson, hotel, uk hotel, hotel development, Edward horn smith, arc and co, development finance, property development, property developer, south east hotel, Hilton hotel