Queensgate Investments has secured a £280m loan from Société Générale Corporate & Investment Banking for the Holiday Inn Kensington Forum.
Queensgate bought the hotel – the third-largest in central London, with 906 bedrooms across 500,000 sq ft – in December 2015 from Apollo Global Management.
The loan has a maturity of three years with two additional one-year extensions.
Jason Kow, chief executive of Queensgate, said: “Société Générale has arranged one of the largest single hotel financings for 2018, underlying the privileged relationship between Société Générale and Queensgate Investments and the proven turnaround capabilities of the Queensgate operational team.”
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