Commercial mortgage news: Hoteliers invest in regenerated east London

13 January 2011

Written by Jeni Browne

Commercial mortgages for projects in east London could become popular in light of the city hosting the 2012 Olympic Games.

Westfield has sold two Stratford hotel developments to Patron Capital, which will enable the firm to own and operate the large-scale hotel programme.

The developments will be branded Staybridge Suites and Holiday Inn, which is the Games' official hotel provider.

Property investors looking to expand their presence before, during and after the Olympics may find a commercial mortgage enables them to take advantage of an expected visitor increase to the UK.

Director of hospitality at Patron Capital Josh Wyatt said: "Patron Capital is proud to invest actively in the important wider regeneration scheme for east London set to become a major new centre for business and retail which should receive global attention in 2012."

Investment International recently noted that investors could receive total returns of 13 to 14 per cent after commercial property in the UK performed well last year.

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