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Latin-American hospitality brand secures £80m finance deal to fund expansion

Selina-Bir

Latin-American hospitality brand Selina has secured a £80m finance deal to help fund its expansion across Europe. 

The news comes on the back of the brand’s debut in the UK, following the launch of properties in Manchester and Birmingham

Now the deal with property investment company Cogress will help fund Selina’s further expansion into both the UK and Portuguese markets.

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Up until now, Selina has been a venture capital backed concept boasting a total of 128 properties across 19 countries. 

It aims to convert existing hotels to its ‘Latin-American inspired aesthetic’ instead of developing sites from scratch.

The experience-led hospitality group targets the ‘modern nomadic traveller’ with Selina Birmingham comprising 39 bedrooms, including a female-only category and a range of social spaces. 

Selina Manchester opened in August this year, comprising a restaurant, bar, coffee shop, Irish pub, basement club and 37 bedrooms, ranging from private rooms, suites and shared rooms.

The group was first started in 2015 in Panama.

Tags : BirminghamexpansionfinanceManchesterSelina
Zoe Monk

The author Zoe Monk

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