New hospitality group Flat Cap Hotels has announced plans to open its second property in Knutsford Cheshire and are calling for investors to get involved for the final push via a crowdfunding campaign.
The group, founded by brothers Oliver and Dominic Heywood in 2015, have secured the former Crown Court in Knutsford and have submitted a planning application for change of use of the property that has been closed since 2010.
Flat Cap Hotels plans to convert the property, which will be named The Courthouse, into a boutique hotel complete with restaurant, bar and events venue for up to 550 guests.
Two of the existing wings of the property will be transformed into 10 bedrooms, while a further 50 bedrooms will be constructed in 2017.
The group’s executive chef Steven Tuke will oversee all the F&B operations, with 60 jobs still in need of filling.
Flat Cap Hotels has already invested a large amount of capital into the refurbishment programme but are now inviting people to be part of the growth through an online Crowdfunding campaign to fund the group’s expansion.
The group were selected by Seedrs to run the campaign, which will be the site’s first UK hotel push.
The campaign went live on Monday 25th July and will run for 60 days (seedrs.com/flatcaphotels) offering equity and special rewards to each investor.
The Courthouse will be the second property in the Flat Cap Hotels portfolio and is part of the group’s ambitious growth pipeline to acquire five assets and have each one in operation by 2019.
Brothers Oliver and Dominic first came onto the radar of Boutique Hotelier in spring 2015, when they rebranded and relaunched The Vicarage Freehouse and Rooms in Cheshire.