14.10.2024
Criterion Capital secures £25m investment from Cynergy Bank to supercharge Zedwell hotel expansion
Criterion Capital has secured a £25 million investment facility from Cynergy Bank, setting the stage for an ambitious expansion of its pioneering Zedwell Hotels brand.
This funding will propel Criterion Capital’s vision of redefining hospitality with its sleep-centric, design-forward hotel concept.
Zedwell hotels are urban sanctuaries, offering rooms – aptly named “cocoons” – designed to deliver the ultimate rest experience. With soundproof walls, floors and doors, Hypnos mattresses, purified air and warm ambient lighting, guests can fully recharge before diving into the city’s energy. Already a success in three central London locations, this investment will fuel the brand’s rapid growth; transforming iconic city sites across the UK. Upcoming Zedwell retreats will soon debut in prestigious destinations and tourist hotspots including York, Manchester and Edinburgh. With 13 new sites in development, Zedwell is set to expand its portfolio to 8,000 rooms by 2027.
Omar Aziz, Director at Criterion Capital, said:
“This £25 million equity release is pivotal in accelerating the Zedwell brand’s UK-wide expansion. Working with Nishil and the Cynergy Bank team has been a pleasure. Thank you also to Vijay Parikh and the Harold Benjamin team for representing us. We are looking forward to turning prime sites in cities across the UK into vibrant and thriving hospitality assets.”
Nishil Tanna, Relationship Director at Cynergy Bank, added:
“We are excited to partner with Criterion Capital on this transformative journey. Their vision for Zedwell aligns perfectly with our commitment to supporting growth and we look forward to seeing their continued success as they bring Zedwell to some of the UK’s most iconic locations.”
ENDS
KEY CONTACT
Saskia Jiggens
Group Head of Communications and Engagement
saskia.jiggens@criterioncapital.co.uk
ABOUT CRITERION CAPITAL
Criterion Capital is a leading real estate owner and platform operator with $9bn+ AUM. Specialising in converting obsolete buildings into affordable residential apartments and lifestyle hotels, Criterion Capital focuses on long-term value creation through acquisition, development, operation and retention. Our hotel portfolio consists of 24 hotels with over 8,500 rooms across the UK and our residential portfolio comprises 5,500 apartments across the UK and Europe. Our commercial holdings total 50+ buildings in prime London locations, including our Piccadilly Circus, Leicester Square and Knightsbridge Green Estates.