Hilco Real Estate Finance (HREF), a Hilco Global company, has closed a £3.38m loan to support the acquisition of a four-star hotel in Guernsey.
The 18-month facility will support the high-net-worth (HNW) borrower’s acquisition of La Barbarie Hotel in St Martin.
The award-winning hotel has a strong trading history and comprises 38 bedrooms alongside a popular restaurant, private dining facilities, and outdoor swimming pool and staff accommodation.
Alexey Shokhin, Hilco Real Estate Finance, said: “This is a rare opportunity to acquire an open-market investment property in a market with highly restrictive ownership laws.
“This, combined with the strength of the local tourism market and potential to further upgrade, has presented a compelling business opportunity that we have been happy to support.”
