ME Asset Management acquires 132-bed Swansea hotel
ME Swansea, a subsidiary of ME Asset Management, has acquired a 132-bed Premier Inn hotel in Swansea, supported by a £9.6m loan facility provided by ASK Partners.
The hotel, operated under a long occupational lease to Whitbread PLC with ten years unexpired, occupies a prominent waterfront location, benefitting from year-round demand driven by tourism, business travel, and regeneration across the city.
ME Asset Management specialises in repositioning overlooked or underperforming properties through strategic investment and asset enhancement. Backed by a consortium of property professionals, the business is looking to establish itself as a new entrant in the operational real estate space.
Mike Ginsberg, investment manager at ASK, said: “This loan presented an attractive opportunity to finance a well-located, income-producing asset with a strong operator covenant. The long lease to Whitbread provides cashflow visibility, while Swansea’s ongoing regeneration creates compelling demand fundamentals for quality hospitality assets. We were pleased to support ME Swansea on a transaction that aligns closely with our lending strategy.”
Verender Badial, CEO of ME Asset Management, added: “This acquisition reflects our focus on high-quality, income-producing assets in resilient regional markets. Swansea continues to attract significant inward investment, and the Premier Inn is exceptionally well located. ASK has been an excellent funding partner, and their understanding of value-add and operational real estate enabled us to execute this transaction efficiently.”
ASK has now lent over £2bn since its inception and continues to provide flexible debt solutions to investors across hospitality, residential, and wider real estate asset classes.