Refinancing Benelux portfolio Interland

Heston and Interland has completed a successful Є45,500,000 debt refinancing with ING of a portfolio of hotel assets in Netherlands and Belgium. The debt facility significantly reduces the portfolio’s cost of debt, whilst allowing the group to strengthen its balance sheet and release equity to facilitate the growth of its Via Hostels brand.

During 2023, Interland re-capitalised c. £145,000,000 of debt through portfolio funding facilities.