Leumi UK and 4C Hotel Group have completed a £65m deal to allow the financing of the Canopy by Hilton hotel development in Aldgate, London.
The deal marks the latest agreement between the bank and the hotel group, and will facilitate the opening of the 342-bedroom lifestyle hotel, set to open in March 2021.
The four-star hotel will reportedly feature interiors inspired by the East End of London.
Louise Gillon, head of hotel finance at Leumi UK, said: “This deal has fortified our long-standing relationship with 4C Hotel Group.
“Working with the team previously, we have always been very impressed by the quality of their developments and this one has been no different.”
James Greenwood, relationship manager of hotel finance at Leumi UK, said: “This deal highlights the strength of our relationship with the group and we are thrilled to have been involved in a project of this calibre—it’s testament to the strength of our hotel finance team.”
Al-karim Nathoo, managing director at 4C Hotel Group, added: “Working alongside our team, Leumi UK has yet again delivered outstanding service, enabling us to meet our capital needs while continuing to grow our portfolio.”