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Zedwell Hotels owner Criterion Capital has secured a £16m refinancing deal from Metro Bank to support the group’s plans for 13 more properties across the UK over the next three years.
The five-year funding package will be used to refinance Zedwell Greenwich, which opened in October 2023.
The investment is central to Criterion Capital’s expansion strategy of transforming obsolete buildings into lifestyle hotels.
With 13 more Zedwell hotels planned by 2027 across the UK, the brand is set to have over 7000 rooms in its portfolio.
Located in historic Greenwich, near attractions like the Cutty Sark, the Old Royal Naval College and O2 Arena, Zedwell Greenwich offers 123 rooms – named “cocoons”.
The new Zedwell Greenwich will join existing sites in Piccadilly Circus and Tottenham Court Road.
Omar Aziz, director at Criterion Capital, said: “We would like to thank the Metro Bank team for their support of the ambitious plans we have for our innovative Zedwell brand.
“The opening of Zedwell Greenwich marked a significant step in our strategic expansion. The hotel boosts the local economy and showcases Greenwich as a key destination for sustainable tourism by offering a unique, sleep-focused experience.”
