London’s iconic St Pancras Renaissance Hotel has completed a £67m refinancing, with funding from Barclays Corporate and RBS.
The new funding facility will enable the five-star hotel to continue to invest in and develop its facilities.
After more than 10 years of restoration work, the Grade I listed building – which is located next to the St Pancras International Eurostar Terminal – re-opened on 5 May 2011.
The Marriott-operated hotel is co-owned by Manhattan Loft Corporation and Lord Fink and comprises 245 rooms, including 37 suites, a spa, The Gilbert Scott restaurant by Marcus Wareing and the Booking Office bar.
Tim Helliwell, head of hotel finance at Barclays Corporate, said: “The St Pancras Renaissance Hotel’s rich history and impressive architecture ensures it stands out as one of London’s most iconic buildings.
“Even in these more austere times, London continues to draw increasing numbers of visitors, and it is testimony to the hotel industry’s ability to restore and develop new venues, such as the St Pancras Renaissance Hotel, that ensures London remains one of the most popular tourist destinations worldwide.”
Neil Parry, head of consumer industries at RBS, said: “We are very pleased to be supporting the owners and management by providing further funding to this flagship hotel.
“The design and renovation of this original gothic landmark has resulted in an impressive and successful restoration that will establish the St Pancras Renaissance as one of London’s top destination hotels for years to come.”
bridget.o’connell@estatesgazette.com
