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Edwardian Group refinances its UK hotels
The privately-owned Edwardian Group London, which owns a number of four and five star luxury hotels operating under the Radisson Blu Edwardian London and May Fair brands, has received £375m of new funding for its UK hotels.
The deal involved separate transactions with Wiesbaden, Germany-based lender Aareal Bank and insurer Metlife, with the former providing £175m in finance for a hotel portfolio of five Radisson Blu Edwardian properties in London with a total of 996 rooms.
Metlife is providing a £200m senior debt refinancing package for hotels including the 406-room May Fair Hotel in London.
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