• Hotel loan deals

Lloyds Bank has sold around GBP187m of loans against 38 UK hotels. Cerberus has bought GBP147m of the portfolio, paying just GBP90m for loans against 31 hotels, reports Costar Finance.

The remaining GBP40m of debt secured on seven hotels was bought by Deutsche Bank. The hotels include the St Andrew’s Bay Golf Resort, and a number of Forestdale hotels.

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