New Hampton by Hilton set for London after £20m deal

A new Hampton by Hilton in London’s docklands area is set to be developed after investment group Topland group provided a £20m finance facility to Marick Capital. 

The 190-bedroom hotel will be position between ExCel exhibition centre and City Airport, and be part of the new ‘leisure quarter’ of three hotels, including a 131-bedroom Travelodge, and a four-star hotel due to be built shortly.

Edward Matthews, Topland’s structured finance manager, said: “The fundamentals of this deal were particularly sound. Marick is a very experienced real estate player and this location makes great sense.”

Topland has committed to deploy £200m to the hotel development sector and its executive chairman Sol Zakay hinted at ambitious expansion plans.

Zakay said: “Topland now has a portfolio of 30 directly-owned hotels and we continue to see value in this sector and have ambitious expansion plans. In addition, as a lending business we recognised the potential in this sector and the funding gap that exists, with banks still showing very little appetite for hotel development funding.”

Earlier this year it was announced that Topland group had acquired eight Hallmark hotels in a £75m deal.