Capital Raise on a Hotel Portfolio
- Client
- Hotel franchisee
- Finance type
- Commercial Mortgage / Capital Raise
- Amount
- £4,826,250
- Lender
- Aldermore
- Outcome
- Completed in 24 weeks
- Commission
- £144,787.50
- Location
- Cheltenham
- Lead source
- Referral
A Best Western franchisee wanted to raise capital to refurbish an existing hotel and open another. The structure was involved, with an OpCo/PropCo setup and a non-domiciled director, which meant finding a lender comfortable with complexity.
We arranged a £4,826,250 capital raise with Aldermore, completed in 24 weeks. That funded the refurbishment of the existing site and the move on the next one.
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