TOP STORY Maslow launches dedicated lending service LATEST NEWS FEATURES VIDEOS Editor's comment 03/07/2019
• Good to see another specialist lender entering the development funding arena in the shape of London-based Maslow Capital.
The company already has dedicated lending divisions for student accommodation and industrial assets in 2017 and 2018 respectively.
It will deliver bespoke lending facilities for developers of hotels across the UK, "in areas that demonstrate favourable demand and supply imbalances".
Maslow's move into this sector aims to "support developers with its unconstrained balance sheet whilst using its knowledge of the development process to structure and deliver lending solutions that meet project specific requirements".
The focus will be on delivering well located schemes in cities where there is a significant undersupply of beds. CEO Ellis Sher is bullish about a predicted increase in overseas visitors to the UK and is putting his company's money where its mouth is, despite an existing nationwide pipeline of 18,000 rooms coming on stream by the end of next year.
"Significant capital" has been set aside for the sector, and it will be interesting to see where it ends up being deployed.
George Sell, editor
Katie Houghton
Group head of sales: +44 (0)7535 135 116
OUR EVENTS
International Hospitality Media is the premier specialist in online publishing; conference, exhibition and events, and advisory services for niche growth sectors of the hospitality industry. The company publishes three industry-leading b2b websites - BoutiqueHotelNews.com and ServicedApartmentNews.com and ShortTermRentalz.com which keep their respective sectors up to speed with news, comment and opinion.
Our conference experience spans three continents and covers high growth segments including boutique, lifestyle and hybrid hotels, serviced apartments / aparthotels and extended stay, and vacation rental. Our events are renowned for their intense focus and attract quality industry leaders, brands and independents, providing unparalleled networking and learning opportunities. We also organise bespoke educational events and investor breakfasts to bring owners, operators and investors together. 'Providing an inspirational community to connect people through world class online platforms and events' © 2019 International Hospitality Media. All Rights Reserved.
Confirmation of your subscription opts you in to receive future updates on the event listed above, in addition to relevant communications from our partners. You can opt out at any time.
|