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Following the lender’s financing of Blackstone’s purchase of the owner of Britain’s Butlin’s holiday parks, its European real estate lending head explains his faith in UK leisure.
The private investor believes the extended stay apartment model will benefit from future patterns of demand.
Hotels have the chance of returning to pre-covid performance levels, but only if their capital base is properly restructured now, argues Eric Assimakopoulos, founder of Revetas Capital.
The $2.8bn sale to Highgate is potentially the first many large hospitality portfolio sales, but a debt transfer of its size is unlikely to be repeated.
hotel
The long-term refinancing facility for the Connaught and the Berkeley, two of London’s most luxurious hotels, was arranged by US bank Citi.
Hotel lobby
The £180m loan for a new luxury London hotel is one of the few financing deals closed in the sector since the pandemic began.
London & Regional has refinanced its Fairmont Monte Carlo hotel with the French bank.
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