The £26.95 million loan – said to be one of the biggest refinancing deals for a local business and the first of its kind in Jersey – was arranged by Island independent credit advisory firm Asset Leverage Consultants (ALC), working with American specialist hotel funder Starwood Capital Group to structure the loan backed by a Real Estate Investment Trust (REIT).
The chairman of Mija Group, James Taylor, said that the loan would enable the hotel to increase investment and further develop ‘what is already a highly successful business’.
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