Hospitality

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

Tuesday January 8th, 2019

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 […]

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Hospitality

Red Oak Taverns set for significant growth after securing £42m refinance and acquisition package from OakNorth Bank

Friday October 5th, 2018

OakNorth has completed its largest transaction to date – a £42m deal with Red Oak Taverns, the nationwide pub operator; The finance will be used to refinance existing debt and provide Red Oak Taverns with stand-by financing for future acquisitions; Founded in 2011, the business has successfully completed two acquisitions – one in December 2011 […]

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Hospitality

Popular London cocktail chain, Adventure Bar, to open new site in Shoreditch following £1.4m loan from OakNorth Bank

Friday July 20th, 2018

The group currently has six sites across London, as well as one in Courchevel, France – an après-ski bar; This is the third loan OakNorth has done to the group – the first was in 2015 to fund the opening of a fourth site, and the second was last year to open two new sites […]

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Hospitality

OakNorth Bank completes largest deal to date for development of luxury hotel in central London  

Tuesday June 5th, 2018

OakNorth has completed a loan of £21m for the development of a new 40-bedroom luxury hotel in Holborn – L’Oscar; In addition to the £21m being provided by OakNorth, RM Funds is lending a further £3m; OakNorth was introduced to the deal by Stonehouse Finance.   OakNorth – has completed its largest deal since launching […]

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Hospitality

OakNorth Bank lends £20m to group behind Brasserie Blanc enabling the business to open 24 new sites and create 700 new jobs

Wednesday July 19th, 2017

OakNorth and Brasserie Bar Co Ltd – which consists of Brasserie Blanc and the White Brasserie Company – have completed a debt finance deal worth £20m; The capital will enable the restaurant and pub group, which specialises in French cuisine, to open 24 new sites over the next five years and create an additional 700 jobs; […]

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