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Today Monday, September 14, 2026
FRP Secures £10m Loan for Kings Cross Boutique Hotels
financehotelowner.co.uk··1 min·For: Owner, Investor, GM

FRP Secures £10m Loan for Kings Cross Boutique Hotels

FRP Real Estate Advisory has arranged a five-year, £10m refinance loan for three recently refurbished Grade II-listed townhouse hotels in London's Bloomsbury. The 65% LTV facility was underwritten based on projected post-refurbishment revenues despite limited trading history.

Key Takeaways

  1. 1£10m refinance secured for three Grade II-listed hotels in Argyle Square, Kings Cross
  2. 2Five-year term loan structured at 65% LTV based on forecast ADRs and business plan
  3. 3Facility supports early stabilization following a comprehensive capex refurbishment

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Source: hotelowner.co.uk

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