Metro Bank provides £7.75m loan facility for Harrow hotel

Metro Bank has provided a £7.75m (€9.2m) development loan facility to M&P Developments for a Travelodge hotel in Harrow, London.

Construction on the 102-room hotel is underway, and it is due to open in December 2017.

Mahash Patel, of M&P Developments, said: “We are delighted to work with both Metro Bank and Travelodge on this exciting development.”

Andy Hallett, head of commercial property at Metro Bank, said: “We’re really pleased to have been able to support M&P Developments with this latest development loan facility.

“M&P was a natural fit for Metro Bank, and we look forward to supporting more companies across the sector realise their ambitions.”