LONDON (Alliance News) - Starwood European Real Estate Finance Ltd on Tuesday said it has advanced a GBP27.0 million loan to an unnamed hotel in the Channel Islands.
The company said the asset being financed is the market leader and added the investment will broaden the geographical and sector diversity of its portfolio.
The fixed-rate, five-year loan will earn Starwood a risk-adjusted return in line with its investment strategy.
Shares in Starwood were down 1.2% to 104.5 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Starwood Eur (SWEF)