Hospitality

Founded by Mike and Ross Baxter, BXTR launched in August 2014 with a 46- bedroom hostel in Edinburgh, followed by the opening of the 105-bed-roomed Kip Hotel in East London; With this finance from OakNorth Bank, the brothers have launched a new boutique hotel brand – House of Gods – starting with a 22-bedroom, four-star hotel […]

The loan will partially finance the acquisition of an existing hotel and fund its conversion into a 59-bedroom boutique hotel; The new hotel brand – Bike and Boot – will provide a modern leisure escape with funky interiors, a range of unique facilities, and affordable prices; The experienced duo plan to open four hotels under […]

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 […]

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 […]

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 […]

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 […]