Hotels purchase backed by £330m loan
A £330m loan has been secured to support the purchase of the country’s largest hotel outside of London, the 790-bedroom Hilton Birmingham Metropole.
Property investor Henderson Park has bought the Birmingham hotel and its sister property, the Hilton London Metropole, in a £500m deal which has now completed. The seller, Tonstate Group, bought the hotels in 2006 for £417m.
German bank Aareal has provided the financing to back London-based Henderson Park's debut acquisition in the UK hotel market, which adds the sites to large... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
