JMK Group Secures £48 Million Loan to Convert London Office Building into 260-Key Hotel
🏨 JMK Group secured a £48 million loan from OakNorth Bank and REL Finance to convert Peninsular House, a nine-storey office building on Lower Thames Street, City of London, into a 260-key hotel, pending planning approval. The site offers views of the River Thames, Tower Bridge, and The Gherkin. JMK plans to expand its portfolio to more than 2,000 beds within two years, with six additional hotels under development.
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