Following instruction from The Ability Group, Arc & Co. a tender process took place to source the best available funding for the client with Coutts emerging as the partner of choice.
The existing junior and senior debt were refinanced onto a five-year loan of £23.5m.
Edward Horn-Smith, director at Arc & Co. (pictured above), commented: “Edinburgh is a great market for this hotel product and The Ability Group is an expert in the hospitality sector.
“Coutts displayed an excellent understanding of this asset class and recognised the strength of the sponsor, operator, and location.
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“In addition, they were competitive on price, able to move quickly and great communicators throughout the process.”
Anthony Nutkins, director at Coutts, added: “We’re delighted to have supported our client in refinancing their Edinburgh Airport Hotel, unlocking future potential in line with the growth of Edinburgh Airport and the thriving Scottish hospitality sector.
“This deal underscores our commitment to providing tailored financial solutions for high-net-worth clients, ensuring businesses have the flexibility they need to succeed.
“We look forward to helping our client continue building on this success.”
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