Thought to be the first refinancing structure of its kind in Jersey, the new facility will now allow MiJa, owners of the Royal Yacht Hotel to further develop the hotel by continuing to invest in an on-going programme of improvements and refurbishments.

Commenting on the corporate restructure Ben Thomason, Managing Director of ALC said: “This is the first transaction that Starwood Capital Group have worked on in Jersey and we are delighted to have introduced a new specialist lender of this calibre into the island. Completing a deal of this size and complexity demonstrates our ability to find innovative solutions for our clients as well as being able to introduce new providers of finance to complement traditional bank finance. This brings greater choice for our clients and consequently additional opportunities to structure their finance more efficiently.”

James Taylor, Chairman of the MiJa Group added: “Ben and the team at ALC did a fantastic job in bringing real expertise and innovation in helping us to secure a new facility which allows us to increase our investment and further develop what is already a highly successful business.

"In addition, the commitment of an organisation of Starwood’s reputation demonstrates tangible confidence in the future of The Royal Yacht Hotel and in the islands hotel and leisure industry.”