Criterion Capital secures £65m loan for Hotel Indigo Leicester Square

Criterion Capital has secured a £65m loan facility with Coutts to refinance Hotel Indigo in Leicester Square.

The 112-room Hotel Indigo is located directly on London’s Leicester Square with a rooftop bar, a restaurant with panoramic views, and prime retail space on the ground floor.

The refinancing will allow Criterion to focus on the expansion of its Zedwell brand.

Zedwell already has three central London destinations with 13 new sites in the pipeline,

The new locations include the City of London, York, Manchester, and Edinburgh as the brand is aiming to expand its portfolio to 8,500 rooms by 2027.

Omar Aziz, Criterion Capital, said: “Securing this loan facility with Coutts marks a pivotal milestone as we continue to grow our hospitality ventures. Zedwell embodies our vision of delivering distinctive hospitality experiences in prime city locations, and we’re excited to strengthen our presence across the UK, driving sustainable tourism and supporting regional economic growth. We also extend our gratitude to the Gateley team for their invaluable support throughout this transaction.”

Oliver Powell, director at Coutts, added: “We are delighted to have entered into this new relationship, it’s a very significant transaction for the Coutts Hotels Team and meets our key drivers of appetite in terms of location, operating model and private ownership. Criterion Capital has an inspiring vision for their Zedwell hotel brand and we look forward to collaborating with Criterion Capital as they bring their successful London-based hotel model to key strategic locations across the UK.”