The hotel is operated under a long-term lease to Whitbread Plc, with 10 years remaining, offering strong income visibility. The asset benefits from a prominent waterfront location and demand drivers linked to tourism, business travel and ongoing regeneration across the city.
ASK Partners has provided a £9.6m senior loan to support the acquisition of a 132-key Premier Inn hotel on Swansea’s waterfront by ME Swansea, a subsidiary of ME Asset Management.
Mike Ginsberg, Investment Manager at ASK, commented:
“This loan presented an attractive opportunity to finance a well-located, income-producing asset with a strong operator covenant. The long lease to Whitbread provides cashflow visibility, while Swansea’s ongoing regeneration creates compelling demand fundamentals for quality hospitality assets. We were pleased to support ME Swansea on a transaction that aligns closely with our lending strategy.”
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