QSix Real Estate Finance (REF) today announces the provision of a £13.5m financing agreement to a luxury London hotel owned by leading global hotel company
The hotel chain is an established business with an excellent track record of growth and operation of their boutique hotels, REF’s funding will strengthen the Group’s balance sheet, creating additional liquidity ahead of reopening and the easing of UK lockdown restrictions.
Gareth Williams, Head of REF at QSix, commented:
“We are very pleased to provide this funding and for the opportunity to work with this reputable firm with a proven track record of growth within the boutique hotel business. No sector has been hit harder in the UK than the hospitality industry. However, the fundamentals of this hotel are perfectly suited for the recovery as consumer confidence returns, given the strength of its location, quality of service and position as one of the leading brands in the sector.”