By Tom Brown
20 Apr 2021
Israeli investor Amir Dayan is injecting more financing into a hotel-backed CMBS made up of 17 Holiday Inn and three Crowne Plaza hotels distributed across the UK, as the government toys with opening up the country’s tourism sector.
Ribbon Finance 2018 is seeing further covenant waivers as well as the liquidity injection, following a similar support action taken in July last year, when the sponsor injected £28m of equity into the deal in order to “cure” a temporary loan default.Anticipating a recovery of the UK
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