Puma Property Finance provides development facility to fund £23m hotel
Puma Property Finance has completed on a facility to fund the development of a £23 million GDV 150-bed Hampton by Hilton hotel in High Wycombe. The six-storey building is scheduled to complete in April 2021 and will be a landmark feature in the town’s new £150 million Handy Cross Hub development.
This is the latest Hampton by Hilton hotel to be funded by Puma Property Finance and follows on from a 240-bed development at Edinburgh Airport completed last year, and a 140-bed development in Ashford, announced in January this year.
Kevin Davidson, Managing Director at Puma Property Finance, commented:
“We are delighted to provide funding for this primely-located hotel scheme to a highly experienced developer/operator at a time of huge uncertainty for the hotel sector. This latest deal reflects our commitment to backing experienced developers with well-located schemes across all property sectors. This was a great effort from the professional teams of all parties involved, with special thanks to Voltaire Financial for introducing this deal.”