Investments
NorthWall Capital closes £140 million financing backed by luxury central London hotel
6th February 2025
London, UK; 6 February 2025: NorthWall Capital (“NorthWall”), a leading alternative credit specialist focused on delivering bespoke private capital solutions, today announced a £140 million credit investment in the successful landmark refinancing of Shiva Hotels’ flagship property, The BoTree Hotel, a luxury hotel located Marylebone, Central London
The BoTree Hotel, located at 30 Marylebone Lane, London, is a newly developed, 200 key freehold hotel, embodying the concept of “Conscious Luxury”. The property is owned by Shiva Hotels (“Shiva”), a highly regarded operator with an extensive track record in developing and managing premium real estate assets.
NorthWall’s investment is part of a holistic refinancing that will help cement The BoTree Hotel’s long-term positioning as a leader in central London’s luxury hospitality sector. The £300m+ transaction is the largest single-asset hotel refinancing completed in Europe since Covid. The financing will provide growth capital for the expansion of the hotel’s facilities, including its spa, and premium hospitality offerings operated by TAO Group, the hospitality group behind renowned venues such as Marquee, LAVO, and Hakkasan.
Financing high-quality assets like the BoTree Hotel aligns perfectly with our strategy of backing top-tier businesses and assets.
— Alexander Garnier, Founding Partner and Portfolio Manager at NorthWall
Sharan Dhanjani, Vice President, at NorthWall, said:
“We are delighted to partner with Shiva Hotels in securing a new, long term, financing structure that ensures the BoTree Hotel continues its growth trajectory in response to strong market demand.”
Artem Kontyaev, Managing Director at NorthWall, added:
“This transaction strengthens our diversified real estate backed private credit investment portfolio and demonstrates our expertise in deploying capital into strongly performing assets with solid fundamentals.”
Alexander Garnier, Founding Partner and Portfolio Manager at NorthWall, commented:
“This landmark investment exemplifies our ability to deliver tailored capital solutions to our counterparties with speed and certainty, while generating attractive risk-adjusted returns. Financing high-quality assets like the BoTree Hotel aligns perfectly with our strategy of backing top-tier businesses and assets. As banks and traditional lenders retreat, we continue to see unparalleled opportunities to further reinforce our leadership in the private credit space.”
For further information:
Prosek Partners
pro-NorthWallCapital@prosek.com
+1 (929) 309 3817 / +44 (0) 7384 787 585
About NorthWall Capital
NorthWall Capital is a London based alternative credit specialist focused on delivering private capital solutions to Western European counterparties. The firm manages circa €2bn of AUM in long dated funds on behalf of global institutional investors, aiming to generate attractive risk-adjusted returns through economic cycles.