Appleby has acted for the owners of St Helier’s exclusive Royal Yacht Hotel in a c.£27 million refinancing deal. The deal, financed by Starwood Capital Group, is believed to be the first of its kind in Jersey involving specialist hotel lenders. The Appleby team was led by Partner and Global Group Head of Property, Tim Hart, working closely with Asset Leverage Consultants, the specialist credit advisory business. Other advisers in the deal were Ogier and Berwin Leighton Paisner, who advised Starwood. Commenting on the transaction, Tim Hart said: “This is a significant real estate deal in Jersey involving a locally-owned business which provides a premium product and is a major employer. It demonstrates how our team can leverage its real estate finance expertise to help our client position itself in the best possible way financially for its next phase in its development. Completing this deal was a major achievement for all concerned.”