Hospitality
OakNorth increases support for Third Space with £75m leveraged finance loan – its largest to date – to fund future club expansion
The deal follows OakNorth’s original £38.5m co-lend in June 2023, reaffirming its long-term partnership with Third Space and confidence in the group’s strong growth trajectory and operational delivery; Third Space has grown to 13 high-end clubs across London, with the very successful recent openings demonstrating the group’s disciplined expansion strategy, and the underlying latent demand […]
Hospitality
Honest Burgers looks to accelerate its 2030 growth plan, and expand its quick service restaurant format, following debt refinancing from OakNorth
Founded in 2011, Honest Burgers has grown into one of the UK’s most respected premium burger brands, with 39 sites across the country; Its vertically integrated “farm-to-fork” sourcing, everything homemade model, and value-led price point, have enabled it to build a loyal customer following; It has recently opened its first “Smash + Grab” concept, a […]
Hospitality
OakNorth provides $22m loan to support the expansion of Inness, the 220-acre upstate New York luxury getaway
Developed by Taavo Somer, Michael Barry, Lee Pollock, CBSK and Post Company, the Hotel first opened in Fall 2021; Situated in the town of Accord in New York’s Hudson Valley, Inness is home to a 40-key hotel, restaurant, member’s club, golf course, and an abundance of leisure activities; The $22m loan from OakNorth will be […]
Hospitality
OakNorth backs McWin and TriSpan’s growth plans for Flat Iron with senior debt facility to support expansion
Founded in 2012, Flat Iron has built a loyal customer base and a strong reputation for its high-quality, affordable steak offering; The business currently operates 18 sites across London, Manchester, Leeds and Cambridge; Backed by McWin and TriSpan, Flat Iron plans to continue its successful store roll-out; Both McWin and Trispan also support other OakNorth […]
Hospitality
OakNorth provides bespoke loan to LDC-backed Bespoke Kitchen Foods to support future organic and acquisitive growth
Founded in 2008, Bespoke Kitchen Foods (BKF) is a leading provider of innovative vegetarian and vegan products for the pub and casual dining market; Based in Coalville, Leicestershire, BKF supplies premium products to the UK’s leading branded pub and restaurant chains and food wholesalers; The firm is backed by LDC, a leading private equity investor […]
Hospitality
Ancoats Manchester secures £15.7m from OakNorth to deliver new Hilton Motto Hotel in Manchester
Ancoats Manchester has secured a £15.7m development and trading facility from OakNorth to deliver a 154-key Motto by Hilton hotel in Manchester city centre; The hotel will be one of the first Motto-branded properties in the UK, targeting modern, urban travellers with flexible room formats and a tech-enabled guest experience; The project is backed by […]