Leumi UK provides £62m loan to Splendid Hospitality Group to refinance London hotel portfolio
Real estate lender Leumi UK has provided a £62m loan to the Splendid Hospitality Group to refinance two London hotels in Euston and Brentford, marking its first transaction together.
The 201-room Four Points Flex by Sheraton hotel in Euston – part of the Marriott portfolio – opened in September 2024 after being developed by Splendid.
While the Holiday Inn at Brentford Lock, Hounslow, comprises of 134 rooms along with an F&B offering.
Real estate lender Leumi UK has provided a £62m loan to the Splendid Hospitality Group to refinance two London hotels in Euston and Brentford, marking its first transaction together.
The 201-room Four Points Flex by Sheraton hotel in Euston – part of the Marriott portfolio – opened in September 2024 after being developed by Splendid.
While the Holiday Inn at Brentford Lock, Hounslow, comprises of 134 rooms along with an F&B offering.
Splendid is a privately owned UK hospitality group and has a portfolio of 24 hotels with major franchisers such as Marriott, Hilton, IHG and Accor, as well as 38 quick-service restaurants (KFC) and three care homes (Splendid Healthcare).
Nadeem Boghani, executive vice chairman at Splendid Hospitality Group, said: “In our first transaction together, Leumi UK’s support has been invaluable, showcasing deep expertise in the hotel sector and conviction in our investment strategy, complemented by a pragmatic, solution-oriented approach. Completing this deal within just two months, these best-in-class assets are positively positioned to capitalise on the robust tourism and business travel markets within their respective London localities.”
Soraya Shamji, relationship director at Leumi UK, said: “The two assets have a promising future of robust performance, and our successful collaboration with a seasoned sponsor like Splendid was instrumental in completing what we anticipate will be the first of many partnerships.”
Brentford Lock image © Splendid Hospitality Group
