Criterion Capital secures £25m financing for Zedwell Trafalgar Square
International news
Criterion Capital has secured £25 million in financing from Bank of London and The Middle East PLC (BLME) for an office to hotel conversion in Trafalgar Square.
The three-year loan facility will aid in the rejuvenation of the upper floor of the Trafalgar Buildings, converting them to into Zedwell Trafalgar Square.
The project is part of Criterion’s UK expansion strategy of its sleep-focused hotel concept, and joins its sites across London including in Park Lane and Greenwich as well as sites in Manchester and Edinburgh. Zedwell currently has 7,000 rooms in its pipeline.