Fiduciam has provided a Â£ 7.5million loan to allow the Treloyhan Manor Hotel in Carbis Bay, Cornwall, to resume operations ahead of the G7 summit.
The loan was to cover both the resumption of commercial activities and the modernization of the building.
It took Fiduciam six weeks to make the loan, which involved a complex planning and title situation.
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The lender had to complete its loan within a week of the exchange of contracts because the hotel is going to be used to house the G7 police force.
Johan Groothaert, Managing Director of Fiduciam, said: âTreloyhan Manor is an absolutely beautiful building in a beautiful location.
âHowever, it needs substantial investment, because it has fallen into disrepair over the years.
âThis situation mirrors that of many other hotels in the UK, and we are here to help fund their upgrades and transformations to meet the expectations of tourists and travelers today.
âWe are pleased to have secured this complex financing in a short period of time as the G7 deadline looms.
âCornwall has some of the most beautiful beaches and coastal scenery in Europe, and stays have made many more people appreciate this.
âWe are pleased that our loan will allow Treloyhan Manor to be modernized and to welcome many tourists in the years to come.