Hotel development specialist 4C Hotel Group has secured a £65 mln (€74 mln) loan from Leumi UK, a London-based subsidiary of the Israeli international bank, for the development of a new four-star Canopy by Hilton hotel in London.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
