Cohort Capital provided a bridging loan facility for the acquisition of a 51,400 sq ft property in Nottingham city centre, comprising a 114-bed Travelodge hotel.
The Sponsor, having exited a successful family business, is reinvesting into long-term income-generating assets. The property was acquired at a favourable price point, with clear potential to enhance returns through the scheduled Travelodge rent review due during the term of the loan and active asset management of the retail units, including lease re-gears and new lettings.
Cohort’s bridging facility enabled swift execution and provided flexibility for future asset management initiatives, supporting the Sponsor’s transition into institutional-grade property investment.