London’s St Pancras Renaissance hotel secures refinancing package

St Pancras Renaissance hotel in London’s King’s Cross has secured a multi-million pound refinancing package from National Westminster Bank ahead of plans for an extensive refurbishment.

The Grade I-listed, Gothic Revival property houses 240 rooms and several restaurants, including Victor Garvey at the Midland Grand, which was previously home to Marcus Wareing’s the Gilbert Scott and Patrick Powell’s the Midland Grand Dining Room.

The hotel was designed by renowned architect Sir George Gilbert Scott and first opened in 1873.

In 2011, hotelier Harry Handelsman relaunched the property as the St Pancras Renaissance Hotel following a 10-year restoration programme costing over £200m, led by his property development company, Manhattan Loft Corporation. The hotel is currently managed by Marriott.

Law firm Blake Morgan advised on the deal on behalf of the borrower, Manhattan Loft Corporation, while National Westminster Bank was advised by Pinsent Masons LLP.

Simon Owen, partner at Blake Morgan, said: “St. Pancras Hotel is immediately recognisable as one of London’s great landmarks.  It has been a pleasure to work again with the expert team at Manhattan Loft and we are proud to have been able to play a part in the evolving story of St Pancras.”