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Memery Crystal advises private client on Soho hotel acquisition

18/01/2021

At a glance

The banking and finance team at Memery Crystal have advised a private client in connection with their acquisition of the Karma Sanctum Soho hotel for £19m from Soho Estates.

The five-star luxury boutique Karma Sanctum Soho hotel has 30 beds, a cinema room, restaurant and rooftop bar.

Our head of banking & finance Matthew Lindsay and associate Tom Driscoll advised on the debt finance elements of the transaction, with the purchase being funded by a loan from real estate funding specialists ASK Partners.

Commenting on the deal, Matthew Lindsay said: “This (Karma Sanctum Soho) is a great investment site located in the heart of the West End and we are delighted to have advised our client on this multijurisdictional acquisition, that had to be completed within a tight timescale.

(Image via Karma Group)

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