Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
GSE Property Group has secured a £6m loan from Hilco Real Estate Finance (HREF), secured against the 92-bedroom Hythe Imperial Hotel and Spa in Kent.
The loan will enable the South East-based property firm to refinance its existing lender and invest further in the hotel, which includes a restaurant, bar, meeting rooms, ballroom, spa and other leisure facilities.
Jamie Jolly, managing director at HREF, said: “The property is owned by a very experienced property group and a strong repeat borrower who we have now supported through several loans.
“This loan allows the group to refinance the current lender and further enhance what is already the stand-out hotel and leisure facility in the region.”
A spokesperson for GSE Property Group added: “We have transacted with the team at HREF on several occasions and see them as a much-valued lending partner.”
Valuation for the transaction was provided by Savills, with legal due diligence undertaken by Clarion in Leeds. The loan was introduced by Chris Dailly, chief executive of London Bridging Finance.
HREF, which launched in 2023, offers bridging loans across a range of real estate sectors and capital structures, with facilities from £3m to over £100m. The lender is a subsidiary of Hilco Global, which manages more than $3bn (£2.2bn) in assets.
