Hilco Real Estate Finance (HREF) has completed a £6m loan facility to GSE Property Group secured against the 92-bedroom Hythe Imperial Hotel & Spa.
The hotel features a restaurant, bar, meeting rooms, a ballroom, spa and numerous additional leisure facilities.
Jamie Jolly, managing director of HREF, said: “The property is owned by a very experienced property group and a strong repeat borrower who we have now supported through several loans. This loan allows the group to refinance the current lender and further enhance what is already the stand-out hotel and leisure facility in the region.”
A spokesperson for GSE Property Group added: “We have transacted with the team at HREF on several occasions and see them as a much-valued lending partner.”
Valuations for the transaction were undertaken by Savills and legal due diligence was provided by Clarion. The enquiry was introduced to HREF by London Bridging Finance.
