London, June 28, 2021 - Bain Capital Credit, LP (“Bain Capital Credit”) and Orka Investments Ltd (“Orka”) today announced the acquisition of the 72-room Park Lane Mews Hotel and 17 adjacent residential units in Mayfair, London, with the aim of repositioning the property to offer a new hotel experience in one of the world’s most prestigious addresses.
The refurbishment and repositioning of the hotel and residential units will transform this historic establishment located within walking distance of Hyde Park and Green Park into a unique hotel offering. The works will include the refurbishment of the guest rooms, communal areas including the lobby, bars and restaurants.
“We are delighted to have acquired this fantastic hotel in such a prime location in partnership with Orka” says Fabio Longo, Managing Director at Bain Capital Credit. “Our expertise in the UK hospitality industry will allow us to invest strategically in the facilities and reposition the venue to reach its full potential. This further enhances the substantial real estate portfolio we have built throughout Europe, which we are actively growing through attractive investment opportunities.”
"Orka has long term conviction in the London residential and hospitality market, particularly in the Mayfair district which historically has been removed from overall market dislocations” says Raoul Malhotra, Co-Founding Partner of Orka. “We are thrilled to close this transaction and look forward to successfully building a wider platform together with Bain Capital.”
About Bain Capital Credit
Bain Capital Credit (www.baincapitalcredit.com) is a leading global credit specialist with approximately $44 billion in assets under management. Bain Capital Credit invests up and down the capital structure and across the spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans and equities, and real estate special situations. Our team of more than 240 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. In addition to credit, Bain Capital invests across asset classes including private equity, public equity and venture capital and real estate, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.
Orka is a technology-driven alternative investment and advisory firm, founded by Raoul Malhotra and Oskar Sköldberg, that sources and manages investments in real estate and asset backed businesses on behalf of, and in partnership with, some of the world’s largest institutions. Orka has a particular focus on manage-to-core strategies in gateway cities across Europe. Orka’s purpose-driven club model gives a wider range of investors direct access to institutional-quality opportunities.
For more information and contact details please visit https://orka.club.