Liverpool hotel operator EPIC has secured a multi-million pound refinance package to help drive its expansion into other cities across the UK.
The group, which owns and operates three aparthotel properties in Liverpool, locked in a deal with Allied Irish Bank as it looks to extend its reach beyond the city, with owner Simon Beer saying it came at an ‘important stage of growth’ for EPIC.
Beer added: “The refinance package will allow us to press forward with our next development in Liverpool – 151 Duke Street – and will also facilitate our plans to take the EPIC experience to other cities in the UK.”
The group was established in 2012 by Simon and Fiona Beer and now comprises Campbell Street Apartments; Duke Street Apartments; Seel Street Apartments and the management of the 128-bedroom Seel Street Hotel, which opened late last year in partnership with developer the Elliot Group.
The company’s next project is a development at 151 Duke Street.
Neither EPIC nor Allied Irish have revealed the precise value of the refinancing package.
Jonny Beckwith, area director at the bank leads the bank’s Liverpool team who arranged the deal. He said: “We are delighted to be working with them to help them with their next phase of growth. Simon and Fiona are working on some very exciting new projects in the heart of Liverpool as highlighted with the recent launch of the Seel Street Hotel by EPIC and also have ambitious plans to expand their brand across the UK.”