Shiva Hotels is investing £300 million to enhance the luxury experience of Bottle London
The UK-based Shiva Hotel, led by founder and CEO Rishi Sachdev, recently secured $372 million (£300 million) and has renovated the 5-star luxury hotel at Marylebone, London. did. Built for £375 million and opened in 2023, the 199-room hotel is part of Shiva Hotels’ Place III Hotels brand.
London-based Bluewater Capital provided a senior loan of £170 million, while Northwall Capital provided a secured facility of £140 million, ShivaHotels said in a statement.
Sachdev said investors were drawn to the hotel’s major locations at Marylebone and its “future possibilities.”
“(It) combined with the continued growth of the hotel sector has created interest from a deep pool of funders who are passionate about supporting us in this deal,” he said. “But we remain patients and chose two like-minded counterparties with track record and expertise to assist us in the next phase of our journey.”
The voltries were on sale in October 2024 as lenders attempted to collect £275 million. The New Deal refinanced an existing loan.
Bottle refinance is Europe’s largest single asset hotel refinance since the pandemic, the statement said. The company secured funding on “competitive terms.” The next renovation phase of the Bottle will include a rooftop pool and bar, fitness and wellness areas, and additional private dining and meeting spaces.
Alexander Garnier, founding partner and portfolio manager at Northwall, highlighted the importance of trading in the evolving private credit market.
“This partnership highlights Northwall’s ability to provide tailored capital solutions with speed and certainty,” he said. “The transaction is consistent with a strategy to fund top-tier businesses and assets, further strengthening Northwall’s leadership in the alternative credit market as banks are increasingly returning to private credit. Masu.”
Previously, Shiva Hotels owned or managed a franchise portfolio of more than 2,000 rooms: Best Western, Hilton, IHG, Marriott, Ramada and Wyndham. One of the first projects, the Hampton at Hilton London Waterloo, and the first Hampton at Hilton London, Waterloo, was sold in 2017.
Hospitality high-tech company OYO is planning to invest $62 million over three years to expand its UK premium hotel portfolio, supporting 1,000 hospitality jobs.
