Hospitality
OakNorth Bank completes £9.8m loan to Eccleston Square Hotel, a luxury boutique hotel in London
Previously known as Elizabeth Hotel, the five-storey, grade-II listed site was converted from a B&B in 2010 and is managed by Olivia Byrne; Eccleston Square is a luxury boutique hotel combining forward-thinking intuitive technology with sophisticated interiors; The hotel borders Belgravia and Pimlico, and is within walking distance of Victoria Station, Sloane Square, and Chelsea; […]
Hospitality
OakNorth Bank lends £15M to leading hotel family business, JMK Group, for freehold buyout of two London hotels and upgrades to an existing hotel
JMK group is a family-run, privately owned hospitality group founded in 2009, which started as a small boutique hotel in Kensington; Since then, the Group’s portfolio has grown into a portfolio of hotels, properties, and coffee houses across London and Ireland; The capital from OakNorth Bank will fund the freehold buyout of two hotels and […]
Hospitality
OakNorth Bank lends £3.8M to acquire and refurbish the third hotel from The Signet Collection, Barnsdale Lodge Hotel, in Oakham, Rutland
Founded in early 2020 by seasoned hotelier Hector Ross, The Signet Collection is a visionary British hospitality brand that creates extraordinary boutique hotels in memorable locations; The capital from OakNorth Bank was used to acquire Barnsdale Lodge Hotel in Oakham, and aid refurbishment and upgrade it to a 4-star Signet-branded spa resort; Situated on a […]
Hospitality
OakNorth Bank completes £40M loan to Zetland Capital to acquire and expand pub portfolio operated by Portobello Starboard
The portfolio is made up of 17 high quality freehold pubs located across London villages / suburbs and the South coast and operated by Portobello Starboard; With the loan from OakNorth Bank, Zetland Capital will grow this pub portfolio through acquisitions across London and the south of England; Pubs were some of the worst-hit businesses […]
Hospitality
Mumbles Group to develop more than 20 new forecourts across the UK following £20M loan from OakNorth Bank
Mumbles Group has an excellent track record in the sector, having completed eight successful forecourt projects since 2014; The capital from OakNorth Bank will support Mumbles’ ambitious growth plans to acquire and develop more than 20 forecourts; Forecourts continue to play a vital role in local economies, providing over 88,000 jobs across the UK, with […]
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 […]