Capilon Hotels Group to renovate The Edwin Hotel in Earls Court

Capilon Hotels Group is set to renovate The Edwin Hotel in London’s Earls Court after receiving a £13m co-loan from OakNorth and ASK Partners.

The £13m co-loan from OakNorth and ASK will be used to finance existing debt and complete the full renovation of the six-story hotel which is due to open later this month. 

Formerly the Mayflower Hotel and located along Trebovir Road, the site is located within a two-minute walk from Earls Court station, as well as many of London’s main tourist attractions. 

The renovations will see the hotel offer a larger reception area, as well as the number of rooms increase from 47 to 60, following the reconfiguration of former large three-bed and four-bed rooms into double bedrooms.

Capilon specialises in property investment, development and management of various sectors and asset classes, with a particular focus on central London hotels. 

Since its launch, the group has evolved from initially acquiring townhouse hotels throughout key areas of London including Bloomsbury, Kensington, Paddington and Victoria, to now having operated and developed 11 hotels across London, such as The Blandford Hotel in Marylebone and The Judd Hotel in Bloomsbury.  

Capilon said: “For over 20 years now, our small but dedicated team has continued to deliver hotels that have all the things that you need, and none of the things you don’t, in order to offer the best value for money for our customers. The Edwin represents another opportunity to apply this proven model of acquiring, repositioning, and operating prime hotels in central London. 

“Returning to OakNorth and ASK for funding was an easy decision to make given the strength of our existing relationship with them. Both continue to be trusted, supportive and strategic partners, and this facility will enable us to complete this project to the high standards our guests and investors expect.”

Lucas Anglin, associate director of debt finance at OakNorth, added: “We’re delighted to once again support Capilon with this latest facility. Its strong track record of value-add developments in central London, combined with their operational expertise and the strong performance of the capital’s hotel market gives us great confidence in the success of The Edwin. We’re delighted to have been able to support such a well-renowned and established hotel firm and we look forward to watching their growth story going forward.”