Press Release: Cohort Capital, King Street Capital Management and Apollo Provide £348 Million Loan for Iconic London Hotel
Cohort Capital and King Street Capital Management (“King Street”) have in partnership, with funds managed by Apollo, completed a £348 million senior loan facility to support the refinancing of The Park Tower Hotel (“Park Tower”), a landmark, 271-key freehold hotel located in Knightsbridge, London.
The transaction refinances debt initially provided by Cale Street Partners and continues Cohort Capital and King Street’s partnership with the property’s long-term owners.
It follows a £68 million mezzanine facility completed by Cohort Capital in July, which helped reduce and partially repay existing debt, providing additional time to secure further refinancing, as well as a separate transaction for the same sponsor in January that refinanced Arlington House, a residential-led, mixed-use asset in St James’s, London.
Park Tower is a 16-storey property built in 1973 that includes a casino and restaurant Nusr-Et. Its proximity to Hyde Park, substantial footprint, and redevelopment potential offer a combination of attributes that make it uniquely positioned for long-term value creation.
The business plan leverages Cohort Capital and King Street’s proven track record of optimising prime properties in the hospitality and residential sectors.
Park Tower is Cohort Capital’s largest loan to date and marks the second collaboration with King Street Capital. It is a significant milestone for the UK real estate lender, which has lent more than £1.7 billion since launching in 2019.
Rob Pritchard, Chief Investment Officer at Cohort Capital, commented:
“Park Tower represents a combination of scale and high repositioning potential in London’s prime hospitality market. Our approach supported the sponsor’s strategy and enabled us to structure a facility that unlocks the asset’s long-term value. This transaction underscores Cohort’s ability to execute on complex, large-scale financing in partnership with leading institutional stakeholders and reflects our growing capacity to support borrowers across the UK real estate market.”
Paul Brennan, Partner and Co-Head of Real Estate at King Street Capital Management, commented:
“Park Tower is a landmark Knightsbridge hotel. This transaction plays to our structuring expertise and focus on high-quality hospitality and residential opportunities, delivered with disciplined execution. We’re pleased to partner with Apollo and Park Tower ownership, further underscoring our collaborative approach to working with experienced sponsors and lenders on high-quality, complex assets.”
King Street and Cohort Capital were advised by Simpson Thacher & Bartlett LLP and Mishcon De Reya LLP, while Linklaters advised Apollo. The sponsor was advised by Taylor Wessing and Mutual Finance Ltd.
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For further information contact:
Katrina Hindley, Marketing Director
Cohort Capital
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Editor’s Notes:
About Cohort Capital
Founded in 2019, Cohort Capital is a leading alternative real estate finance provider, specialising in senior and mezzanine loans across the UK and key European markets. Backed by institutional and family office capital, and supported by property and credit professionals with over 100 years of combined investment experience, Cohort delivers rapid, flexible funding solutions tailored to the unique demands of each opportunity.
Since inception, the firm has originated over £1.72bn across a range of property sectors, with a particular focus on bridging finance for real estate professionals.
About King Street Capital Management
King Street is a global alternative investment firm founded in 1995, managing over $29 billion in assets across public and private markets. The firm combines deep fundamental research with tactical trading expertise and differentiated sourcing capabilities to uncover dislocations and mispriced opportunities across asset classes and throughout the capital structure.
King Street Real Estate focuses on debt and equity investments in special situations and thematic platforms. Our special situations strategy identifies compelling risk-adjusted investment opportunities across the capital structure, in high-quality real estate assets in major markets. Our exclusive, thematic platforms are built around property sectors with compelling secular tailwinds. Since its inception, King Street has completed transactions totalling over $20 billion in real estate securities and real estate-related investments.
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately $840 billion of assets under management.
