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Lone Star refinances legacy Project Laser Shearings hotel pool with £22m LaSalle mezzanine loan

Lone Star has refinanced its 40-strong portfolio of UK hotels, managed by Shearings Leisure Group, with a £22.2m five-year mezzanine facility.
By James Wallace
March 16, 2018 | 4:00 P.M.

The refinancing, the sixth by LaSalle’s £804m LREDS III fund, replaces a platform facility and will facilitate an extensive capital expenditure programme following the consolidation of the group’s ownership under funds managed by Lone Star.

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