Bank Leumi UK signs GBP65 million financing deal with 4C Hotel Group
Leumi UK, a London-based subsidiary of the Israeli international bank, has agreed to finance the development of a new four-star Canopy by Hilton hotel in London.
This deal is Leumi UK’s latest with 4C Hotel Group, the bank’s longest standing hotel development client.
Located on the city fringe in Aldgate, the 342-bedroom hotel features interiors inspired by its East End surrounding and is set to open its doors by March 2021.
Louise Gillon, head of hotel finance at Leumi UK, says: “This deal has fortified our long-standing relationship with 4C Hotel Group. Working with the team previously, we have always been very impressed by the quality of their developments and this one has been no different. We are delighted to announce this latest addition to our portfolio – it represents another significant step forward for us in the UK hotel finance sector.”
James Greenwood, relationship manager of hotel finance, adds: “It has been a delight to work alongside 4C. This deal highlights the strength of our relationship with the group and we are thrilled to have been involved in a project of this calibre – it’s testament to the strength of our hotel finance team.”
Al-karim Nathoo, managing director of 4C Hotel Group, comments: “Working alongside our team, Leumi UK has yet again delivered outstanding service, enabling us to meet our capital needs while continuing to grow our portfolio. We have great respect for the team’s expertise within the hotel financing sector and value their dedication to finding a solution that perfectly suited our targets for the development of the project.”