Our client specialises in remodelling and remarketing underperforming hotels. They have bought and redeveloped numerous sector branded hotels – including Ibis, Best Western and Travelodge – improving facilities, adding bedrooms and re-launching the properties with day-to-day operations handled by a leading European hotel management company. With over £40 million in group assets and numerous projects in the pipeline, our client was looking for a flexible approach to funding their growth.
Having spent some time understanding the model and, in simple terms, what works and doesn’t work for our client, we approached members of our network and are pleased to announce that we have secured £400,000 of soft loans for our client, delivering high yields for our investors.
We are delighted with this outcome and expect to be adding to this number very soon. We really like working with our client and see a long-term relationship developing. Building the size of group the founders anticipate will always require new capital; B&Y are on hand to deliver this.
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