JMK Group Secures £17 Million Loan for Office-to-Hotel Conversion in the City of London January 6th, 2025 Deividas Krupstas JMK Group, a leading privately-owned hospitality company, has announced a major milestone in its expansion strategy with the acquisition of a £17 million loan facility. The financing will support the transformation of a Grade II-listed office block located off St Clement Lane into a state-of-the-art 185-room hotel.The project, which reflects JMK Group’s commitment to investing in dynamic and innovative developments, will see the five-storey historic building undergo significant redevelopment to accommodate the new hotel. This ambitious conversion project underscores the company’s ongoing efforts to expand its property portfolio and create outstanding hospitality experiences in prime locations.The redevelopment of the Grade II-listed building aligns with JMK Group’s strategic vision of revitalizing iconic structures while preserving their heritage. Once complete, the new hotel will contribute to the vibrancy and appeal of the City of London, catering to business and leisure travelers alike.The £17 million loan will be instrumental in both the acquisition of the property and its transformation into a luxury hotel, pending planning approval. This financial support is a testament to the confidence investors and stakeholders place in JMK Group’s expertise and proven track record in delivering high-quality hospitality projects.
