Criterion Capital has secured a $32.3 million investment facility from the Bank of London and the Middle East (BLME) for the redevelopment of buildings at Trafalgar Square into a hotel. The new development will be part of Criterion Capital’s Zedwell Hotels portfolio. The project involves the conversion of a building previously used as serviced offices by Regus. The hotel will contribute to Criterion Capital’s existing plans of adding more than 7,000 rooms under the Zedwell brand. Criterion Capital, founded in 2006 by British billionaire Asif Aziz, specializes in adapting historic buildings for residential and hospitality purposes. The $32.3 million facility provided by BLME is for a duration of three years.
Real Estate, Hospitality, Financial Services,United Kingdom, Middle East
https://www.zawya.com/en/business/banking-and-insurance/criterion-capital-secures-323mln-from-blme-for-trafalgar-square-hotel-conversion-p4z93xlt