Law firm Shoosmiths acts as a legal advisor to Santander Group and ABN Amro Bank on an £88 million refinancing facility for PPHE Hotel Group’s flagship asset, Park Plaza Victoria London hotel.
Published: 23 December 2025
PPHE Hotel Group is an international hospitality real estate company that owns a range of upscale hotels and resorts across Europe, including Park Placa Victoria London hotel. Founded by Boris Ivesha in 1989, the group now operates over 50 properties.
The refinancing of its first property, Park Plaza Victoria London, marks a strategic step for PPHE in how the company strengthens its presence in the London hospitality market and lays the foundations for future growth through management of its capital structure. In 2023, PPHE received planning consent for a new 179-room hotel at the Park Plaza Victoria London site which will sit alongside the current establishment. The loan funding from Santander and ABN Amro Bank will replace the previous facility which was due to mature in early 2026.
Shoosmiths acted as legal advisor to Santander and ABN Amro Bank throughout the refinancing process.
The firm’s team was led by James Salford, partner in the Banking & Finance team, specialising in real estate both in the UK and internationally. Salford was supported by senior associate Thomas Stofer, associate Tayef Siddique, trainee solicitor Edith Ranson and principal associate Charlie White from the Real Estate team.
Salford said, “We are proud to have worked alongside Santander, ABN Amro Bank and others to deliver this major refinancing that not only reflects the continued confidence being placed in London’s hospitality sector, but PPHE’s leading role within it. For the hotel group, maintaining liquidity and reducing risks are key to not only maintaining its status in the industry, but to continuing its ambitious market expansion.”
“Advising on this successful refinancing reinforces Shoosmiths position as a leading actor in the hotel sector, and a trusted voice for stabilising capital and unlocking growth potential.”