Shiva Hotels to renovate London’s BoTree hotel

UK-BASED SHIVA HOTELS, led by founder and CEO Rishi Sachdev, recently secured $372 million, or £300 million, to renovate its five-star luxury hotel, The BoTree in Marylebone, London. The 199-room hotel, built for
£375 million and opened in 2023, is part of Shiva Hotels’ Place III Hotels brand.

London-based BlueWater Capital provided a £170 million senior loan, while NorthWall Capital provided a £140 million secured facility, Shiva Hotels said in a statement.

Sachdev said investors were drawn to the hotel’s prime Marylebone location and its “future potential.”

“[That], coupled with the hotel sector’s continued growth, saw us generate interest from a deep pool of funders keen to support us on this transaction,” he said. “We have remained patient, however, and have chosen two
like-minded counterparties with the track record and expertise to support us on the next stage of our journey.”