Metro Bank has provided a £7.75m (€9.2m) development loan facility to M&P Developments for a Travelodge hotel in Harrow, London.
Construction on the 102-room hotel is underway, and it is due to open in December 2017.
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Mahash Patel, of M&P Developments, said: “We are delighted to work with both Metro Bank and Travelodge on this exciting development.”
Andy Hallett, head of commercial property at Metro Bank, said: “We’re really pleased to have been able to support M&P Developments with this latest development loan facility.
“M&P was a natural fit for Metro Bank, and we look forward to supporting more companies across the sector realise their ambitions.”
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