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 […]
Hospitality
OakNorth provides £10.3m loan to support the development of an innovative new pod hostel and rooftop bar concept in Edinburgh
OakNorth has completed a transaction to fund the development of a 242-bed capsule hotel and rooftop bar in central Edinburgh; The project introduces the Tarka brand, blending upscale pod accommodation with a Japanese-inspired food and beverage (F&B) offering; The project is being led by hospitality entrepreneur James Scott supported by a team of highly experienced […]
Hospitality
OakNorth participates in club loan to Fortress and Lion Capital to support acquisition of Loungers, which plans to roll out 30 new sites a year
OakNorth – the leading bank for entrepreneurs, by entrepreneurs – has participated in a club loan to support Lion Capital and Fortress Investment Group’s Public to Private acquisition of Loungers, one of the UK’s fastest-growing all-day café-bar operators.
Hospitality
OakNorth provides £77m loan to Staycity Group as aparthotel business looks to triple in size by 2029
Loan capital will support future growth as Staycity to expand to 18,000 keys by 2029; Increased consumer awareness, the rise of digital nomads, and the curb on Airbnb in some markets continues to drive demand for aparthotels. DUBLIN, 12 February 2025: OakNorth, the digital bank for entrepreneurs, has completed a £77m loan to Staycity Group, […]
Hospitality
OakNorth has provided a £6.4m loan to pioneering hospitality business, Rocket Leisure, to support its future expansion
• Founded in 2010 by brothers, Russell and Howard Taylor, and their business partner, Tom Jackman, the business has since grown to four sites across London; • Across all four venues, they put on over 1,000 gigs a year, attracting over 6,000 customers each week; • The capital from OakNorth will enable the business to […]
Hospitality
OakNorth completes £1.47m loan for development of a Starbucks drive-thru and two EV charging points in established Greater Manchester retail park
The borrowing entity, Fairmilehead Ltd, is owned and led by Dallas Rhodes, who has over 30 years’ experience in the property industry, across retail, office, and residential; The site, Parsonage Way, is an established retail park in Leigh, Greater Manchester with neighbouring retailers including Greggs, Halfords, Costa, Sainsburys, TK Maxx and KFC; Starbucks has a […]