Lender lottery on access to funding

CBRE Global Investors acquired the Park Plaza London Waterloo hotel’s freehold in 2017. Photo credit: CBRE

With cashflow becoming an increasingly critical issue for hotel owners during the pandemic, the ability for owners to raise new debt or equity is a key issue. 

Many hotels owners have accessed additional capital using the Government backed lending schemes (loans of up to £5m under the Coronavirus Business Interruption Loan Scheme (CBILS) for companies with a turnover of £45m or less or up to £200m for larger companies under the Coronavirus Large Business Interruption

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