Morgan Stanley has refinanced the debt secured against London & Regional Properties’ 48-asset Atlas Hotels Portfolio, which comprises around 5,800 rooms across the UK.
HFF Real Estate advised L+R to place the five-year, floating-rate loan with Morgan Stanley.
The Atlas Hotels Portfolio comprises 47 Holiday Inn Express hotels and one Hampton Inn by Hilton property. The borrower purchased the portfolio in 2016 and has been executing a significant expansion plan since acquisition.
“HFF is extremely excited and privileged to begin a new relationship with L+R while continuing to expand the existing relationship with Morgan Stanley to Europe,” said Michael Kavanau, senior managing director and co-head of HFF’s London office.
“The successful outcome exemplifies our belief that our clients can benefit from the still relatively new debt advisory product in Europe,” added David Church, head of european corporate finance and co-head of HFF’s London office.
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