Cheyne Capital grants £525m loan to Fattal Hotels

Cheyne Capital has provided a £525m senior loan to Fattal Hotel Group. The secured senior loan will refinance four of Fattal’s London hotels – NYX Hotel London Holborn, Leonardo Royal Hotel London City, Leonardo Royal Hotel London Tower Bridge and Leonardo Royal Hotel London St Paul’s. Migdal Insurance Company also took part in the refinancing. Arron Taggart, head of UK investment at Cheyne Real Estate, said: “This refinancing is one of the largest so far in 2024 and demonstrates our ability to execute high-quality transactions of size. “In Fattal, we have both an operator of the highest calibre and a funding partner that is willing to step up when required. The London hotel market is proving to be a compelling investment as it continues to recover post-pandemic, and we will continue to seek out similar best-in-class investments such as this.” Fattal currently operates 300 hotels across 120 destinations. Photo © WestEnd61/REX/Shutterstock