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Morgan Stanley loan refinances L&R’s £575m Atlas portfolio

Morgan Stanley has refinanced the debt secured against London & Regional’s 48-asset Atlas hotel portfolio with a £400m+ facility, CoStar News can reveal.
By James Buckley
November 6, 2017 | 8:58 P.M.

Morgan Stanley has provided the facility, which represents a loan-to-value on the portfolio of Holiday Inn Express-branded hotels of just under 70%, carrying a term of five years and a floating rate of interest.

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