Real estate finance specialist SHC Capital has arranged Cynergy Bank's first-ever hotel development facility.
The deal will see a major hotel group build a £50m plus GDV, 116-bedroom hotel in East London. The design-led hotel will feature a restaurant, bar and events space.
Cynergy Bank has provided a finance facility for hotel development for the first time, enabling a major hotel group to build a 116-bedroom, design-led destination hotel.
The project, which has a gross development value in excess of £50m, will feature a bar, restaurant and events space. It will be owned and operated by a major hotel group with a significant international presence.
As part of the finance arrangement process, SHC Capital helped structure the loan and organised a due diligence trip by a Cynergy Bank team to several of the hotel company's European sites.
"This is a first-class borrower with a compelling proposition and strong operational partners," said Tony Tadros, director at SHC Capital. "Its UK team has a solid track record, and the European team has proven its ability to deliver in London's resurgent hotel market."
"Amid strong demand from both leisure and business visitors, the London hotel sector is performing well, and this stylish development is the right scheme in the right location," he added.
"We've worked with Cynergy Bank on a number of other transactions this year, and are delighted to have helped them forge an exciting new partnership in the hotel space."
"This was an exciting undertaking, and we successfully delivered with the SHC Capital team, who were instrumental in structuring this loan," said Achi Ejikeme, relationship director at Cynergy Bank. "This will be the first of many collaborations with this excellent sponsor."
Ravi Sidhoo, managing director of private and business banking at Cynergy Bank, noted that the bank has ambitious growth plans for 2026 and will be enhancing its hotel development offering. "With the support of SHC Capital, we look forward to backing future projects with this exciting and dynamic hotel group," he explained.
