ASK co-lends £13m for London hotel refurbishment

ASK and has co-lent £13m with OakNorth Bank to London hotel operator and developer, Capilon Group. The senior loan facility will refinance existing debt and fund the final stages of refurbishment of The Edwin Hotel at Earls Court, (formerly The Mayflower Hotel) which is due to open later this month.

Mike Ginsberg who ran the transaction for ASK, said:

"It was a pleasure to work with Capilon and OakNorth on another transaction. Capilon is an experienced hotel owner operator, with 11 hotels across London, including The Judd and and The Blandford. The refurbishment, which includes a larger reception area and an increase in the number of bedrooms, has been executed to a very high standard and we wish them all the best with the opening of the hotel. We're seeing very robust performance figures in the hotel sector and creative business models which align to guest demand have been fuelling the sector’s post-pandemic bounce back."
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