Hospitality
Product diversification at Ottolenghi leads to higher earnings margin and repayment of almost half of its CBILS loan from OakNorth Bank
In July 2020, OakNorth Bank provided a £3.7M CBILS loan to Ottolenghi to help cover working capital throughout the pandemic; In the months following the first UK lockdown, the company expanded its online shop with dinner boxes, prepare at home meal kits, and a tableware licensing deal; In May 2021, Ottolenghi moved its production unit […]
Hospitality
OakNorth Bank completes £20.5M loan to Axis Retail Partners to support its maiden shopping centre acquisition
Formed in 2018 following a partnership between Generali Investment Holding and entrepreneurs, Florencio Beccar and Toby Smith, Axis Retail Partners is a leading advisory boutique specialising in European retail investments; With c.€525M of assets under management (AUM), the firm has a strong track record of managing retail assets across several geographies, risk spectrums and property […]
Hospitality
Alchemy-backed Inn Collection Group surpasses its 2022 portfolio target and secures £42M from OakNorth Bank to support future growth
In 2019, OakNorth Bank provided The Inn Collection Group with a funding package to support the doubling of its portfolio to 21 sites by 2022; Thanks to COVID, the Group has managed to exceed this target, acquiring quality sites at competitive entry prices, and now has 26 inns across Northumberland, County Durham, the Lake District, […]
Hospitality
OakNorth Bank completes £34.3m loan to restore London’s historic 15 Old Bailey
The loan is to a joint venture formed by entrepreneur Alex Shamash and Boscalt Hospitality (a member of Edmond de Rothschild Private Equity partnerships); The finance will support the conversion of 15 Old Bailey from an office building into a new luxury hotel, along with two restaurants and a bar; The Victorian property was built […]
Hospitality
OakNorth Bank completes £7.4M loan to family-run Burney Group for new 100 bed Travelodge hotel next to Ipswich Town Football Club
Founded in 1997 by industry stalwart Daren Burney, Burney Group specialises in the development of commercial and mixed-use schemes across the UK; The finance from OakNorth Bank will be used to acquire a site by Portman Road Stadium in Ipswich and develop it into a new Travelodge hotel, as well as refurbish retail warehouse […]
Hospitality
4C Hotel Group brings The Westin London City & Residences to the Square Mile following £52M investment facility from OakNorth Bank
Founded in 2010, the 4C Hotel Group is a privately-owned hotel company with a portfolio of properties in key business centres and leisure hotspots across the UK, Canada, East Africa and the Middle East; 4C Hotel Group secured a £52M investment facility from OakNorth Bank for its latest development in London. The Westin London City […]