Shiva Hotels Secures £300M for a Luxury Revival of The BoTree - 0 views
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asianhospitality on 10 Feb 25UK-BASED SHIVA HOTELS, led by founder and CEO Rishi Sachdev, recently secured $372 million, or £300 million, to renovate its five-star luxury hotel, The BoTree in Marylebone, London. The 199-room hotel, built for £375 million and opened in 2023, is part of Shiva Hotels' Place III Hotels brand. London-based BlueWater Capital provided a £170 million senior loan, while NorthWall Capital provided a £140 million secured facility, Shiva Hotels said in a statement. Sachdev said investors were drawn to the hotel's prime Marylebone location and its "future potential." "[That], coupled with the hotel sector's continued growth, saw us generate interest from a deep pool of funders keen to support us on this transaction," he said. "We have remained patient, however, and have chosen two like-minded counterparties with the track record and expertise to support us on the next stage of our journey."