Cynergy Bank provides £30.9m to London-based Samko Holdings
Cynergy Bank has announced a £30.9m deal to Greater London-based Samko Holdings Limited. The transaction will support Samko to continue its next phase of growth, enabling continued investment in its expanding portfolio of regional hotels, the addition of new rooms and the acquisition of further sites.
With the hospitality sector still facing challenging market conditions, including cost pressures, changing guest expectations and ongoing post‑pandemic volatility, Cynergy Bank’s support provides Samko Holdings with the stability and confidence to continue its growth plans, maintaining strong occupancy levels and steady market presence across its estate.
A portion of the funding will support a hotel recently transitioning out of a formerly long‑running contract. With the contract now wound down, the property has successfully reopened and begun trading once again as a standard hotel, undergoing a refurbishment and relaunch to attract both leisure and corporate guests.
Founded by Sampathkumar Mallaya, Samko Holdings originally specialised in the industrial and engineering sector, before diversifying into hospitality and leisure. Samko now has 4 sites across London, with plans in place to expand in the future.
Kate Finney, relationship director at Cynergy Bank said: “We’re delighted to support Samko Holdings at a pivotal moment in their growth journey. Despite market challenges, Samko has demonstrated strong management, a clear strategy and impressive resilience. This funding will give them the flexibility and confidence to pursue new opportunities while strengthening their offering.”
Veeraakumar Krishnasamy, group chief financial officer of Samko Holdings, added: “This partnership marks an important milestone for our business. The support from Cynergy Bank allows us to continue expanding our footprint while ensuring we can invest in our existing sites, especially the hotel transitioning from a government contract back to its core commercial operation. We have further acquisitions in the pipeline and look forward to bringing more high‑quality hotels and hotel rooms to market in the months ahead.”
Kumar Nadarajah, mortgage & commercial finance broker at Morgan Sterling said: “It was a pleasure to work alongside Cynergy Bank on this transaction. Despite a challenging hospitality market, Samko’s clear strategy and strong track record made this a compelling funding opportunity. This facility puts the business in a great position to continue investing in its portfolio and pursue its next phase of growth with confidence.”