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London-based Samko Holdings has secured a £30.9m loan from Cynergy Bank to support the next phase of its growth, expanding its hotel portfolio.
The single-family office, which invests across the hospitality, energy and leisure sectors, will use the loan to expand its portfolio of regional hotels, adding new rooms and acquiring further sites.
A portion of the funding will support a hotel that recently reopened following a refurbishment after a previous long‑running contract ended.
Veerakumar Krishnasamy, chief financial officer of Samko Holdings, said: “This partnership marks an important milestone for our business.
“The support from Cynergy Bank allows us to continue expanding our footprint while ensuring we can invest in our existing sites, especially the hotel transitioning from a government contract back to its core commercial operation.
“We have further acquisitions in the pipeline and look forward to bringing more high‑quality hotels and hotel rooms to market in the months ahead.”
Kate Finney, relationship director at Cynergy Bank, said: “We’re delighted to support Samko Holdings at a pivotal moment in their growth journey. Despite market challenges, Samko has demonstrated strong management, a clear strategy and impressive resilience.
“This funding will give them the flexibility and confidence to pursue new opportunities while strengthening their offering.”
Samko has four sites across London, with plans to expand in the future.
Last year, Cynergy Bank, in partnership with Leumi UK, part of Israel’s Leumi Bank, lent £42.9m to property lender Martley Capital Group.
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