edyn to open its second Locke aparthotel in London

UK: Located on the Thames at the Millennium Bridge, the 113-room Locke at Broken Wharf is set to open next month.

The studios in the aparthotel are designed by Matthew Grzywinski of Grzywinski+Pons. Room sizes include the Locke Studio (29 square-metres) or the larger premium River Suites (33 square-metres). Each come equipped with kitchens and cookbooks.

Other facilities at the property include an all-day restaurant, a bar, coworking area, and a cultural programme spanning wellness, fitness, art and music.

Hospitality group The Initiative has created Deli Cat & Sons – a New York-style deli – that will serve bagels and salads, breakfast and brunch, for eating in or taking away.

OakNorth Bank provided £27 million of funding for the development of the 12-storey aparthotel.

Edyn, previously known as SACO before it was rebranded, will open two more London locations in Bermondsey and Dalston later this year under its Locke brand.

Deepesh Thakrar, senior director of debt finance at OakNorth, said: “We’re delighted to be working with the Edyn team and the strong backing of Oaktree Capital who are one of the world’s leading alternative investment managers, with real estate and infrastructure type assets making up 14% of its total $122b under management.”

Merzak Kaddour, investment director at Edyn Development Studio, added: “Our decision to work with OakNorth was driven primarily by the strong relationship I have with the debt team and the depth of knowledge displayed by OakNorth’s team in structuring this facility. We look forward to a prolonged working relationship.”

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