Fattal secures loan from Cheyne to refinance London Hotel – English

The four hotels in question are NYX Hotel London Holborn, Leonardo Royal Hotel London City, Leonardo Royal Hotel London Tower Bridge and Leonardo Royal Hotel London St Paul’s. They were all acquired by Fattal in 2019 and operate under its European arm, Leonardo Hotels.

A portfolio of over 1,300 bedrooms currently undergoing renovation, including meeting and event spaces, bars and restaurants, swimming pools, gyms, beauty salons and therapy rooms.

In addition to its own money, Cheyne’s longtime supporter, Migdal Insurance Company, also contributed to the refinancing.

We are delighted to be working with Cheyne Capital, who have brought their exceptional expertise to this significant, high-profile financing of our beautiful London hotels. Partnering with them, alongside Migdal Insurance Company, demonstrates the confidence they have in our operational performance and hospitality platform, and ensures we continue to enhance our offering in this vibrant city.

Guy Vardi, M&A Director of Fattal from Fattal European Partnerships

This refinancing is one of the largest to date in 2024 and demonstrates our ability to execute high quality transactions of scale. In Fattal, we have both a top-caliber operator and a financing partner prepared to step in when needed. The London hotel market is proving to be an attractive investment as it continues to recover post-COVID-19, and we will continue to seek out similar best-in-class investments like this.

Arron Taggart, Head of UK Investment at Cheyne Real Estate