The property currently consists of the hotel with restaurant, bar, meeting rooms, a ballroom, spa and numerous additional leisure facilities.
Valuations for the transaction were undertaken by Savills, while legal due diligence was provided by Clarion in Leeds, with the enquiry introduced to HREF by Chris Dailly, CEO at London Bridging Finance.
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Jamie Jolly, managing director at HREF, said: “The property is owned by a very experienced property group and a strong repeat borrower who we have now supported through several loans.”
“This loan allows the group to refinance the current lender and further enhance what is already the stand-out hotel and leisure facility in the region.”
A spokesperson for GSE Property Group commented: “We have transacted with the team at HREF on several occasions and see them as a much-valued lending partner.”
The loan follows HREF completing a £2.5m third loan for a budget hotel company last week.
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