UK: Lender Virgin Cash has accomplished a £51 million refinancing for the Resort AMANO Covent Backyard in London.
Resort AMANO Covent Backyard marked the primary worldwide opening for the Berlin-based AMANO group, which owns, develops and operates a portfolio of 15 lodges.
The London lodge was developed by Manex Properties, a three way partnership between AMANO and Excellion Capital. Woods Bagot London Studio was appointed as lead architect and inside designer.
Philip Rokeach, director of AMANO Group, stated: “Resort AMANO Covent Backyard was efficiently launched in 2022 with a imaginative and prescient so as to add the aptitude of Berlin to London’s lodge panorama. We have been delighted to see how properly our new lodge idea was acquired available in the market and happy to see our lodge working so efficiently so shortly.
“This refinancing displays the success of our maiden operation in London, and we stay up for working with Virgin Cash for years to come back as we develop the AMANO lodge model right here in London with further acquisitions.”
Robert Stafler, director of AMANO UK and CEO of Excellion Capital, added: “The success of this refinancing and its engaging phrases mirror not solely the power of the AMANO Group’s operations throughout Germany and the UK, but in addition our glorious relationship with Virgin Cash. Our new facility helps us in delivering on our formidable progress technique. Resort AMANO Covent Backyard is the primary of a number of lodge initiatives we’re planning right here in London and we hope this would be the first of many transactions with Virgin Cash.”
Peter Upton, senior director, lodge finance, Virgin Cash, stated: “Having visited most of the AMANO lodges throughout Germany, I’m happy to say that AMANO is a implausible lodge group. The group’s first UK lodge in Covent Backyard is in a prime location and has a first-class administration staff. We’re delighted to assist the staff with this refinancing, underscoring our dedication to the lodge lending market within the UK.”
