{"id":3081,"date":"2022-05-12T11:17:49","date_gmt":"2022-05-12T11:17:49","guid":{"rendered":"https:\/\/heliosrealestate.com\/?p=3081"},"modified":"2022-05-12T11:22:51","modified_gmt":"2022-05-12T11:22:51","slug":"funding-deal-struck-for-63m-leeds-hotel","status":"publish","type":"post","link":"https:\/\/heliosrealestate.com\/de\/funding-deal-struck-for-63m-leeds-hotel\/","title":{"rendered":"Finanzierungsvereinbarung f\u00fcr 63 Millionen Pfund teures Hotel in Leeds getroffen"},"content":{"rendered":"

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\u2022 \u00a0UK Commercial Property REIT is to fund a 305-bed hotel in Leeds<\/strong><\/span><\/p>\n

\u2022 \u00a0Hotel already pre-let to Interstate Group under the Hyatt brand<\/strong><\/span><\/p>\n

\u2022 \u00a0Construction work to start imminently<\/strong><\/span><\/p>\n

UK Commercial Property REIT has agreed to fund a \u00a363m hotel in the centre of Leeds.<\/span><\/p>\n

The hotel, to be developed by Marrico Asset Management and Helios Real Estate, is to be built at Sovereign Square next to the city\u2019s railway station, and will include 305 rooms.<\/span><\/p>\n

Interstate Group has already signed up to operate the hotel under the Hyatt brand, the first of its type in the city. The hotel is due to complete in 2024 with GMI Construction appointed as main contractor, and Hyatt Hotels has signed a 25-year franchise agreement.<\/span><\/p>\n

React News\u00a0first revealed a funding search for the hotel\u00a0had begun in May 2020, and planning permission was secured last year. BNP Paribas acted for Marrico and Helios on the deal.<\/p>\n

It is the second successful funding deal for Marrico and Helios in recent month after\u00a0React News\u00a0revealed that Cortland had signed up to fund\u00a0a core part of the developers\u2019 \u00a3300m Lisbon Square project, also in the city centre.<\/p>\n

Trevor Cartner of Helios said: \u201cThis is the last available site at Sovereign Square and we have commissioned a suitably impressive building to complete the development. The hotel will be a fantastic addition to the Leeds market which we believe will continue to grow. Our investment will sit alongside UKCM\u2019s for the medium term so the hotels success will determine ours.\u201d<\/p>\n

<\/em><\/p>\n

Copy by Charlie Schouten \u2013 React News.<\/em><\/p>\n

<\/span><\/p>\n

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DURHAM <\/b>\u2013 Carter House, Pelaw Leazes Lane, Durham City, DH1 1TB\u00a0<\/span><\/p>\n

VIENNA <\/b>\u2013 Wollzeile 16, 1010 Wien, Austria\u00a0<\/span><\/p>\n

ZAGREB <\/b>\u2013 Poslovni Park Zagreb D.O.O. Petrovaradinska 1, 10000 Zagreb, Croatia
<\/span><\/p>\n

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