Cohort Capital has provided a £20m facility for the acquisition of The Lancaster, a Grade II listed hotel overlooking Hyde Park in Central London.
The 54-bedroom property, which covers 41,371 square feet, dates back to the mid-19th century and has potential for redevelopment.
The new owner is considering options including refurbishing the building into a 67-room boutique hotel, a 64-unit serviced apartments scheme, or a private members club.
The deal was completed in three weeks.
Cohort Capital’s total loan book now stands at £740m.
Matt Thame, founder of Cohort Capital, said: “This transaction exemplifies Cohort Capital’s ability to navigate high-value assets in core London locations while delivering efficient and tailored funding solutions.
“On the same day terms were signed, our team issued instructions to valuers and key stakeholders, enabling the loan to proceed swiftly and within the borrower’s required timeframe.
“There was strong collaboration throughout the underwriting process, with clear transparency from the sponsor around their vision for this landmark building.”
