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 […]
Hospitality
OakNorth Bank lends £9.4M to acquire and refurbish the second hotel from The Signet Collection, The Retreat at Elcot Park, in West Berkshire
Founded in early 2020 by seasoned hotelier Hector Ross, The Signet Collection is visionary British hospitality brand that creates extraordinary boutique hotels in memorable locations; The Retreat is preparing to launch in Spring 2022, following in the successful footsteps of sister property, The Mitre at Hampton Court; Set in 16 acres of Berkshire parkland, the […]
Hospitality
OakNorth Bank completes £15M acquisition facility to Red Oak Taverns initially to acquire 11 pubs across the South East of England
Red Oak Taverns was founded by Aaron Brown and Mark Grunnell in 2011 who continue to provide most of the day-to-day executive management resource to the group; A portion of the capital from OakNorth Bank has already been used to acquire 11 pubs across the South East of England, including a portfolio of 9 pubs […]
Hospitality
OakNorth Bank completes £4.8m loan to private equity-backed boutique hotel brand, House of Gods, to open new hotels in Manchester and Glasgow
Founded by brothers Mike and Ross Baxter in September 2019, House of Gods Hotel in Edinburgh was named Sunday Times Best Hotel in Scotland 2020[1]; In February 2021 the business secured a £5m investment from IMBIBA, the specialist operator-led leisure and hospitality sector investor, to expand the brand; This, coupled with the capital from OakNorth […]