HTL Property has expanded its brand to include financial services with the establishment of HTL Capital.

Announced last Friday, will provide debt advisory services regarding single, syndicated or common terms pool debt packaging, as well as the sourcing of indicative terms sheets for hospitality assets brought to market.

The specialist debt an capital origination business will be led by former senior CBA banker Rick Woelms, who said he was looking launching a new business designed to create value and clarity in an "increasingly complex" banking environment.

At a glance: 

• HTL Property has announced the formation of a new financial services division, HTL Capital.
• HTL Capital will provide debt advisory services regarding single, syndicated or common terms pool debt packaging, as well as the sourcing of indicative terms sheets for hospitality assets brought to market.
• The specialist debt an capital origination business will be led by former senior CBA banker Rick Woelms.

"The provision of capital origination and debt structuring by brokerage firms is not a new phenomenon, but it is certainly more prevalent in the U.S. and Europe as distinct from here in Australia," he said

HTL Property's Asia Pacific Director Andrew Jolliffe said the formation of HTL Capital was a natural progression for the company, describing the appointment of Mr Woelms as "significant".

"Rick's 18 years as an executive with a major lender is representative of the pedigree alignment HTL Property seeks to be recognised alongside," he said.

"There are very few finance specialists nationally in the hospitality and leisure property class with the reputation and experience Rick Woelms enjoys.

"We see this as a natural progression for our organization, and indicative of a commitment to our current and future client base in terms of both the depth and quality of the firm's service capacity".

Like other brokerage houses with specialist in house finance desks, HTL Capital will operate wholly independently of HTL Property.

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