The transaction forms part of a wider value-add strategy to recapitalise, reposition and rebrand under-managed but well-located resort hotels. The competitively priced financing package further enhanced returns on a portfolio, which had been acquired at an attractive entry yield on historic (pre-pandemic) EBITDA and which is very well placed to benefit from operational and market recovery over the next 4-5 years.

Many thanks to our partners at BentallGreenOak for their pragmatism and drive throughout the deal.