Cohort Capital funded a £20m bridging loan facility for the acquisition of The Lancaster. A prominent Grade II listed, stucco-fronted hotel overlooking Hyde Park in Prime Central London.
Designed by a British architect in the mid-19th century, the 54-key property spanning 41,371 sq ft represents an exciting redevelopment opportunity for the new owner. The borrower is assessing several options including extensive refurbishment into a 67-bedroom boutique hotel, a 64 serviced apartments scheme, or a private members club.
The transaction was closed within three weeks, underscoring Cohort Capital’s continued momentum in the short-term real estate finance market, delivering rapid, flexible funding solutions for experienced borrowers across the UK. The quick and reliable funding offered by Cohort also assisted with negotiation process on the acquisition price.
Property Week, you can read the press release: Cohort Capital funds acquisition of London Hyde Park hotel
£20m Bridging Finance for the acquisition of a Hyde Park Hotel