This aggregate loan facility will refinance existing debt and support the construction of premium guest amenities, including a heated outdoor pool, sauna, steam room and spa facilities.

A stabilisation period has been incorporated in the facility, allowing the hotels to reach mature trading levels post development. The new amenities are scheduled to be completed by Spring 2027.

The loan spans a 36-month term with no personal guarantees required and no early repayment charges.

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Following a competitive tender process, Christie Finance was able to secure “highly favourable” terms for the client with Ortus Secured Finance.

“Being able to assist our client & deliver a facility that unlocks the true potential across the collection is a real pleasure,” said Ram Kakar, head of real estate at Christie Finance Real Estate, who structured the facility.

“This was a complex facility to arrange considering the layers & intricacy involved within the transaction.

“We were able to navigate any potential hurdles early and ensure a seamless process to achieve completion in time for works to commence as per the schedule.”