Hospitality
OakNorth Bank lends £3.7m to Signet Hotel Group for the refurbishment of Grade II-listed, Mitre Hotel, at Hampton Court
Having acquired The Mitre Hotel in January 2020, Signet Hotel Group has secured a loan from OakNorth Bank to refurbish the 36-bedroom hotel and upgrade it from a 3 to a 5-star establishment; The hotel, which is due to re-open in September, has a 60-cover riverside restaurant, a 70-cover brasserie and bar, a 80-cover Orangery, […]
Hospitality
OakNorth Bank provides £27m funding for the development of a new 12-storey aparthotel in Aldgate, operated by Edyn Group
The Edyn Group was sold last year for approx. £430m making it the largest investment in the UK aparthotel sector to date; The new development will consist of 103 units, office space on the mezzanine level and a ground floor restaurant; The site is a short walk from Aldgate East Station and the new Crossrail […]
Hospitality
OakNorth Bank completes £3.54m loan to property joint venture to fund the development of a new aparthotel in Oval, London
The deal is with a joint venture between MELT Homes, which has built over 100 properties in London Gloucestershire and Kent, and Espalier Ventures; The capital will be used to fund the acquisition of a mixed-use property in Oval, and in its place, develop an aparthotel of up to 175 units, subject to receiving planning […]
Hospitality
OakNorth Bank completes £1.1m loan to entrepreneur brothers for launch of a new boutique hotel brand – starting with a 22-bedroom hotel in Edinburgh
Founded by Mike and Ross Baxter, BXTR launched in August 2014 with a 46- bedroom hostel in Edinburgh, followed by the opening of the 105-bed-roomed Kip Hotel in East London; With this finance from OakNorth Bank, the brothers have launched a new boutique hotel brand – House of Gods – starting with a 22-bedroom, four-star hotel […]
Hospitality
OakNorth Bank lends £2.8m to hoteliers Simon Rhatigan and Simon Kershaw to launch new hotel brand, starting with a 59-bedroom hotel in Scarborough
The loan will partially finance the acquisition of an existing hotel and fund its conversion into a 59-bedroom boutique hotel; The new hotel brand – Bike and Boot – will provide a modern leisure escape with funky interiors, a range of unique facilities, and affordable prices; The experienced duo plan to open four hotels under […]
Hospitality
Alchemy-backed Inn Collection Group plans to more than double the size of its portfolio to 21 sites by 2022 following £10m loan from OakNorth Bank
OakNorth has provided Northumberland’s largest independent accommodation provider, The Inn Collection Group, with an additional £10m funding package to support its expansion; This is the second loan OakNorth has provided to the group – the first was in June last year enabling the business to open two new sites, bringing its total portfolio to nine […]