Mishcon de Reya’s Real Estate team has advised King Street Capital Management, Cohort Capital, and funds managed by Apollo on a £348m senior loan facility to refinance the Park Tower Hotel.
The 16-storey, 271-room freehold hotel is located in a prime Knightsbridge position close to Sloane Street and the south entrance of Hyde Park.
Kirpal Kaur, partner in the firm’s commercial real estate team, said: “We are delighted to have advised on the property aspects of this transaction, in particular working alongside sophisticated lenders where key decisions can be made swiftly.
“This transaction underlines not only our market-leading expertise in the financing space, but also our deep sector expertise in the hotels and leisure space and our ability to bring in specialist experts within the real estate team.
“We look forward to seeing what the future has in store for this asset.”
The Mishcon de Reya team was led by Kaur with support from Venessa Toofanny (of counsel, commercial real estate), Emily Chandler (associate, commercial real estate), Nicholle Kingsley (partner, planning), Rebecca Gough (associate, planning), William Chung (managing associate, construction) and Alex Painting (associate, construction).
