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An unnamed buyer has acquired The Lancaster, a Grade II-listed hotel overlooking Hyde Park, with £20m in funding provided by Cohort Capital.
The 54-room property, designed by a British architect in the mid-19th Century, spans more than 41,000 sq ft and is regarded as a major redevelopment opportunity in central London.
The new owner is assessing several potential schemes, including conversion into a 67-bedroom boutique hotel, a 64-unit serviced apartment development, or a private members’ club.
The transaction was completed within three weeks, supported by a £20m bridging loan from Cohort Capital. The deal brought the lender’s total loan book to £740m.
Matt Thame, founder of Cohort Capital, said: “This type of bridging finance exemplifies Cohort Capital’s ability to navigate high-value assets in core London locations while delivering efficient and tailored funding solutions.
“On the same day terms were signed, our team issued instructions to valuers and key stakeholders, enabling the loan to proceed swiftly and within the borrower’s required timeframe.”
A spokesperson for the buyer added: “We required a reliable funding partner to support a competitively priced acquisition in a prime location, and Cohort Capital delivered. The transaction was secured and completed within three weeks, with clear communication and swift execution throughout.”
