Virgin Money provides £51 million refinancing facility for Amano Hotel in Covent Garden
Virgin Money’s specialist Hotel & Real Estate Finance team has successfully completed a £51 million refinancing for the Amano Hotel in Covent Garden, London. The refinancing will support the continued operation and growth of the hotel, which is part of the renowned Amano Group, known for its stylish and contemporary hotels across Europe.
The Amano Hotel, located in the heart of Covent Garden, is a flagship property for the Amano Group, offering luxury accommodation and high-end amenities in one of London’s most vibrant areas. This refinancing will allow Amano to optimise its capital structure and continue delivering a high-quality guest experience.
Launched in 2022
Philip Rokeach, Director of Amano Group commented “Hotel Amano Covent Garden was successfully launched in 2022 with a vision to add the flair of Berlin to London’s hotel landscape. We were delighted to see how well our new Hotel concept was received in the market and pleased to see our hotel operating so successfully so quickly. This refinancing reflects the success of our maiden operation in London, and we look forward to working with Virgin Money for years to come as we expand the Amano Hotel brand here in London with additional acquisitions”.
The transaction was led for Virgin Money by Peter Upton, Senior Director, Hotel Finance who commented “Having visited many of the Amano Hotels across Germany, I am pleased to say that Amano is a fantastic hotel Group. The Group’s first UK hotel in Covent Garden is in a top location and has a first-class management team. We are delighted to support the Amano Group with this refinancing, underscoring our commitment to the hotel lending market in the UK.”
Successful refinanced in 2024
Excellion Capital, a London-based investment boutique specialising in real estate debt advisory and principal investments, acted as advisor to AMANO on this financing. Since the AMANO Group’s UK market entry in 2018, Excellion has been its strategic local partner.
Robert Stafler, Director of Amano UK & CEO of Excellion commented “The success of this refinancing and its attractive terms reflect not only the strength of the Amano Group’s operations across Germany and the UK, but also our excellent relationship with Virgin Money. Our new facility supports us in delivering on our ambitious growth strategy. Hotel Amano Covent Garden is the first of multiple hotel projects we are planning here in London and we hope this will be the first of many transactions with Virgin Money”.
Virgin Money’s specialist Hotel & Real Estate Finance team offers tailored financial solutions to businesses across the hospitality and real estate sectors. Further information can be found at https://uk.virginmoney.com/business/hotels/, or by contacting Peter Upton, Senior Director, Hotel & Real Estate Team, at peter.upton@virginmoney.com or 07919 394739.
Notes to Editors
Media contacts
Virgin Money Press Office: 0800 066 5998 / press.office@virginmoney.com
About Virgin Money
Virgin Money has 6.6m retail and business customers across the UK, bringing the best of the Virgin brand to make banking better and enable customers to achieve their financial goals. As part of the Nationwide Building Society since October 2024, Virgin Money is a purpose-led organisation offering a range of straightforward, award-winning products including current accounts, credit cards, savings, investments, mortgages, pensions, loans and more. Rewarding, digital-first customer experiences are central to its ambition of becoming the UK’s best digital bank, supported by a network of stores, contact centres and relationship managers. Through the Virgin Money Foundation and key partnerships, the bank also delivers positive change in society as part of its progressive sustainability and ESG agenda. An inclusive and ambitious culture encourages c.7,000 FTE colleagues to work in a healthy, flexible, digitally-led environment. It is headquartered in Glasgow with major offices in Newcastle upon Tyne and London, and since 2019, Clydesdale Bank and Yorkshire Bank have been rebranded as Virgin Money.
About Amano Group
Headquartered in Berlin, the Amano Group is a European hotel brand known for its contemporary design and luxury accommodation offerings. It owns, develops and operates a portfolio of 15 hotels across major European cities and delivers a premium experience to travellers seeking modern and stylish stays.
About Excellion Capital
Excellion Capital is a London-based investment banking firm that provides real estate debt advisory services and makes principal investments. With deep expertise in structured finance, Excellion Capital has been a key partner in a number of high-profile real estate transactions.
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Tags: amano, covent garden, excellion capital, hospitality, Hotel AMANO, hotel development, hotel refinancing, london, London hotel, manex properties, refinance, Virgin Money, Woods Bagot