Fattal Hotel Group has secured a £525 million (€623 million/$678 million) senior loan from Cheyne Capital to support the refinancing of four well-performing London hotels.
The four hotels were acquired by Fattal in 2019 and have operated under the Leonardo Hotels brand, the European arm of the Fattal Hotel Group. The hotels are the NYX Hotel London Holborn, Leonardo Royal Hotel London City, Leonardo Royal Hotel London Tower Bridge and Leonardo Royal Hotel London St Paul’s.
Totaling more than 1,300 bedrooms, the hotels have undergone significant refurbishment since the acquisition to provide high-quality facilities, including meeting and event spaces, bars and restaurants, swimming pools, gyms, beauty spas and holistic therapy rooms. With each hotel being close to London’s most popular attractions, they are well positioned to meet the needs of London’s growing tourist numbers.
Alongside its own funds, Cheyne’s long-term supporter, Migdal Insurance Comp
