Park Plaza clinches EUR 129m refinancing

Hotel group Park Plaza has secured a £115 mln (EUR 129 mln) refinancing facility from Bank Hapoalim. The Israeli lender agreed to refinance an existing £93.4 mln of bank facilities in relation to the Park Plaza Westminster Bridge London. The deal with Park Plaza's subsidiary Marlbray also includes an additional £21.1 mln for working capital, general corporate purposes and projects.

Premium subscriber content – please log in to read more or take a free trial.

Events

Latest news

Best read stories