St Pancras Renaissance completes £67m refinancing
The five-star, 245-bedroom St Pancras Renaissance Hotel has completed a £67m refinancing, nearly a year after the opening of the iconic railway property.
Situated within a Grade I listed building alongside the St Pancras International Eurostar Terminal, the hotel has secured the new funding from Barclays Corporate and RBS, enabling it to continue to invest in and develop its facilities.
The St Pancras Renaissance opened in May 2011 following a 10-year restoration programme, costing £150m. Owned by the Manhatten Loft Corporation and Lord Fink, the hotel is operated by Marriott International and includes the Gilbert Scott restaurant by Marcus Wareing, the Booking Office bar and a spa.
Tim Helliwell, head of hotel finance at Barclays Corporate, said: "The St Pancras Renaissance Hotel is a great establishment and the owners and management team have a proven track record of successful hotel development," while Neil Parry, head of consumer industries at RBS, commented: "We are very pleased to be supporting the owners and management by providing further funding to this flagship hotel. The design and renovation of this original gothic landmark has resulted in an impressive and successful restoration that will establish the St Pancras Renaissance as one of London's top destination hotels for years to come."
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By Janet Harmer
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