ao link

You are viewing 1 of your 2 articles

To continue reading register for free, or if you’re already a member login

 

Register  Login

Hampton by Hilton - High Wycombe undergoes £13.2m refinancing

A £13.2m refinancing deal has been announced for the new 150-bedroom Hampton by Hilton hotel in High Wycombe.

 

The London-based subsidiary of Israeli bank Leumi UK has agreed the five-year facility with Handy Cross Dev Co, a joint venture owned by the Jaffer family and the management company Legacy Hotels & Resorts.

 

Located in the Handy Cross mixed-use development in Buckinghamshire, the hotel opened in June 2021.

 

Stephen Welch (pictured), senior relationship manager, hotel finance at Leumi UK, said: “The long-term fundamentals of the hotel market are promising, but certain assets such as select service hotels with well-connected transport links have shown their resilience and are recovering faster than others. The strong initial performance of this particular hotel is a great example of this fact.”

 

Haider Jaffer of Handy Cross Dev Co added: “We are thrilled to have agreed this refinancing deal with Leumi UK, which shares our conviction that the Hampton by Hilton hotel outside High Wycombe will continue to perform strongly in a quickly recovering market. Our lean rooms-led operating model has proven a success since the hotel’s opening in June, and we’re confident this performance will only improve.”

 

Legacy Hotels & Resorts operates 22 hotels in the UK, one in Spain and one in Macedonia.

Hotel Cateys

Hotel Cateys

Best Places to Work in Hospitality 2025

Best Places to Work in Hospitality 2025

Queen's Awards for Enterprise

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

Jacobs Media

Jacobs Media is a company registered in England and Wales, company number 08713328. 3rd Floor, 52 Grosvenor Gardens, London SW1W 0AU.
© 2024 Jacobs Media