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ME Asset Management acquires Swansea Premier Inn with loan from ASK Partners
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ME Asset Management acquires Swansea Premier Inn with loan from ASK Partners
ME Asset Management, through its subsidiary ME Swansea, has bought the 132-key Premier Inn hotel on Swansea Waterfront. The purchase was supported by a £9.6m senior loan from ASK Partners. The hotel operates under a long lease to Whitbread plc, with 10 years left. It is on the waterfront and gets steady demand from tourism, business travel and the city’s regeneration. For this property, ME Swansea plans façade restoration as part of wider imp…
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