Cohort Capital has completed a £20m facility to an unnamed private investor to support the acquisition of the Grade II listed The Lancaster hotel overlooking Hyde Park in Central London.
The 41,371 sq ft, 54-key property spanning presents a redevelopment opportunity for the new owner, who is currently assessing several options including extensive refurbishment into a 67-bedroom boutique hotel, a 64 serviced apartments scheme or a private members club.
Matt Thame, founder of Cohort Capital, said: “This transaction 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. There was strong collaboration throughout the underwriting process, with clear transparency from the sponsor around their vision for this landmark building.”
