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Starboard has secured a £20m loan from Leumi UK to refinance its Hampton by Hilton London Park Royal asset.
Leumi UK has a longstanding relationship with Starboard after first providing financing for a portfolio of hotels in 2017.
Located in the Park Royal area of northwest London, the Hampton by Hilton is a 162-room hotel which serves both corporate and leisure customers.
The hotel benefits from its proximity to the Park Royal Business Centre, which employs approximately 35,000 people, the nearby film studios, and Wembley stadium.
Starboard Hotels is an owner and operator of independent and franchise hotels with a portfolio of 21 sites across the UK, including internationally recognised brands such as Hilton, IHG, Wyndham, and Accor.
Soraya Shamji, relationship director at Leumi UK, said: “At Leumi UK we are committed to providing custom-built lending solutions at speed, working closely with trusted partners to help them grow.
“This transaction highlights what differentiates us as a lender, as we were able to deliver a tailored, bespoke facility in just a couple of months. Starboard Hotels is a best in class operator and the Hampton By Hilton London Park Royal is a high quality asset in an excellent location.”
Paul Callingham, chairman of Starboard Hotels, said: “Leumi UK’s flexible and relationship-driven approach is a key differentiator and was a crucial factor in our decision to proceed with this facility.
“With its convenient location and strong transport links, the Hampton by Hilton London Park Royal has a very positive future. Leumi UK’s commitment to understanding our needs and providing a bespoke financing solution was integral to the success of this transaction.”
