Starboard has secured a £20 million loan from Leumi UK to refinance its Hampton by Hilton London Park Royal hotel.
Located in the Park Royal area of northwest London, the 4-star hotel comprises 162 rooms, a fitness suite, restaurant and lounge.
Leumi has a longstanding relationship with Starboard after first providing financing for a portfolio of hotels in 2017.
Starboard’s portfolio currently comprises 21 sites across the UK, under brands such as Hilton, IHG, Wyndham and Accor.
What they said
Paul Callingham, chairman at Starboard Hotels said: “Leumi UK’s flexible and relationship-driven approach is a key differentiator and was a crucial factor in our decision to proceed with this facility. Leumi’s commitment to understanding our needs and providing a bespoke financing solution was integral to the success of this transaction.”
Soraya Shamji, relationship director at Leumi UK added: “This transaction highlights what differentiates us a lender as we were able to deliver a tailored, bespoke facility in just a couple of months. Starboard Hotels is a best-in-class operator and the Hampton By Hilton London Park Royal is a high quality asset in an excellent location.”