The commercial facility supports the borrower with funds to enable value-add initiatives over the next 24 months, including various brand enhancements.
Edward Horn-Smith, managing director at Arc & Co, commented: “The borrower required flexibility to enable them to execute their business plan over the course of the next two years, and that’s exactly what this loan provides.
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“Following a short but thorough tender process, we quickly established that Atlas Capital Partners were the right funding partner on this transaction.”
Christoph Nickel, equity partner at Atlas Capital Partners, said: “This transaction is a good example of Atlas’ ability to provide holistic whole loan solutions.
“Our profound sector expertise in the hotel space and execution skills have allowed us to provide transaction certainty to the sponsor and attractive risk-adjusted returns for our investors.”
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