Starwood European Real Estate Finance invests in Maybourne Hotel Group
Starwood European Real Estate Finance (SEREF) and Starwood Property Trust (STWD) announced Thursday they were investing in Maybourne Hotel Group.
Starwood European Real Estate Finance (SEREF) and Starwood Property Trust (STWD) announced Thursday they were investing in Maybourne Hotel Group.
The firms are acting as partners in the five-year £547m refinancing of the group's £147m mezzanine component.
The refinancing has been secured on three five-star luxury London hotels including three of the world's most renowned hotels, namely Claridge's, the Connaught and the Berkeley.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
SEREF has invested £19m and STWD £30m to the refinancing which comprises of a £400m senior loan and £147m of mezzanine.
SEREF's contribution has been undertaken on a loan at around 50%. The company will earn a double digit yield in line with its investment criteria as outlined in its prospectus.
SEREF is an investment company with a diversified real estate portfolio in the UK and Europe, while STWD focuses on financing and managing commercial mortgage loans and residential related debt investments.
Shares for SEREF were up 0.12% to 102.63p at 15:05 Thursday.
RD
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyers
Rachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?
Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap