Assetz Capital has finalised a £5 million commercial mortgage to refinance the ibis Styles hotel in Glasgow.

David Hehir, the relationship director at Assetz Capital, commented, “I was delighted to be able to support the re-finance of the ibis Styles Glasgow Central Hotel with a £5m debt package.”

Hehir added, “We worked closely with Maven Capital Partners to facilitate its delivery, which re-affirms our commitment to the hotel sector in Scotland and the wider UK market.”