Boutique Hotel Group (BHG) has secured a five-year refinancing deal with Barclays to help position the business for growth.
The Group, which comprises Peckforton Castle, Nunsmere Hall and Inglewood Manor, was advised by JMW Solicitors on the deal, that concludes a lengthy process which begin in 2019 in preparation of BHG’s existing arrangement with Santander coming to an end.
Christopher Naylor, managing director of Boutique Hotel Group said that the deal ‘illustrates the strength of our business’ and was a ‘very positive indicator of market confidence’ right now.
He said: “We’re delighted to have gotten the deal over the line – it really illustrates the strength of our business and it’s a very positive indicator of market confidence in the ability of our industry to battle through this unprecedented situation.
Thomas Pearson, real estate partner at JMW Solicitors, said: “BHG benefits from an excellent reputation built over many years, coupled with a highly unique portfolio of luxury venues – its refinancing package means the business is in the best possible shape and we look forward to working alongside Christopher and his team as BHG continues to grow.”
Boutique Hotel Group acquired Inglewood Manor in August 2018.