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BREDS and BXMT separately close £411m in hotel-backed whole loans for KSL Capital and Sankaty Advisors

Blackstone Real Estate Debt Strategies (BREDS) has provided KSL Capital Partners with a £315m whole loan to finance the US private equity group’s £485m acquisition of the final tranche of De Vere Group’s UK mid-market Village hotel chain.
By James Wallace
November 26, 2014 | 8:00 P.M.

KSL went under offer to acquire the 28-strong hotel portfolio from Lloyds Banking Group in late October, as revealed by CoStar News, heading off competition from underbidders including Great Eagle Group, one of Asia’s biggest property groups. 

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News | BREDS and BXMT separately close £411m in hotel-backed whole loans for KSL Capital and Sankaty Advisors