Capilon Hotels Group

Capilon Hotels Group in partnership with Prima Asset Management, acquires Paddington site to boost presence in London, following a £19.5m co-loan from OakNorth and ASK Partners

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, and real estate funding specialist, ASK Partners (“ASK”) have provided a £19.5m co-loan to independent hotel management business, Capilon Hotels Group.

The £19.5m co-loan from OakNorth and ASK will be used to acquire and refurbish a nine-storey, Grade II listed, vacant hotel in Paddington, and convert it into a new 80-room boutique upper upscale hotel. Situated along Westbourne Terrace and bordering Hyde Park, the site is easily accessible and very centrally located with only a short walk from Paddington station, as well as many of London’s main tourist attractions.

About Capilon Hotels Group: Capilon specialises in property investment, development and management of various sectors and asset classes, with a particular focus on central London hotels. Since launch, the group has evolved from initially acquiring townhouse hotels throughout key areas of London including Bloomsbury, Kensington, Paddington and Victoria, to now having operated and developed 11 hotels across London, such as The Blandford Hotel in Marylebone and The Judd Hotel in Bloomsbury. The group is partnered with Prima, a Singapore based global private equity real estate company. The firm focusses on delivering strong risk-adjusted returns across market cycles through investing into opportunities which mitigate inflation, debt pricing, and construction cost challenges, whilst also capitalising on the upside potential created by the repricing of real estate assets and exposure to thriving sectors

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