Hilco Real Estate Finance (HREF) has announced that it has completed a £2.5m loan to support the acquisition of a 51-bedroom budget hotel in Coventry, marking the third loan it has issued to the same investor and hotel group.
The specialist bridging lender has previously provided loans for the group's hotel acquisitions in Gloucester and Wakefield. The latest facility enables the unnamed buyer to expand its portfolio further within the UK hospitality sector.
“We’re pleased to have completed another loan for this entrepreneurial hotel group, in a sector where we’ve become increasingly active since our launch,” said Sean Adams, managing director of HREF. “We understand their business plan and value the trust they place in us to perform.”
A spokesperson for the borrower commented, “It is great to have completed another loan with Hilco to allow the group to expand. We are already teeing up the next transaction.”
Valuation services for the deal were carried out by Allsop, with legal due diligence provided by Trowers & Hamlins in London.
So far in 2025, HREF has supported a range of property finance deals across the UK and Ireland. These include loans for hotel refinancing, student accommodation projects, serviced office space, and residential developments. Recent transactions have involved properties in Kent, London, Leeds, Suffolk, Manchester, Newcastle, Coventry, Worcester, and Waterford.
