Refinance

The owners have used the funding to acquire a 40-acre plot of land.

The two private credit firms’ capital helped Shiva’s Marylebone BoTree Hotel avoid an M&A process following an unsuccessful refinance in 2024.

A syndicate of lenders including banks and manager Generali Real Estate provided the loan.

Lenders will ‘become less paternalistic and maternalistic’, said the firm’s head of UK and European commercial research.

The assets consist of two Spanish hotels and one situated in the UK.

The Dutch bank has again refinanced the London complex, with former part-owner Delancey joining it in the deal.