Bredbury Hall Hotel in Stockport has secured its future following a multimillion-pound refinancing deal with Allied Irish Bank (GB).
Bangladesh businessman Golam Sarwar, who owns the five-star Hotel Sarina in Dhaka, acquired the hotel in 2015 and since that time has invested significantly in the landmark venue.
Sanwar aims to make 147-bedroom Bredbury Hall the flagship for a chain of UK hotels as part of a five-year acquisition programme.
Sarwar said: “This successful refinancing deal is of significant importance to Bredbury Hall, its customers and its employees as it will enable us to continue the project we began when we acquired the hotel in 2015.
“Our immediate plans include refurbishing the bedrooms and launching a new restaurant. This follows the work we have already done upgrading the reception area and wedding venue, improvements to the nightclub and introduction of a second informal brassiere restaurant.”
Bredbury Hall has been managed by Assured Hotels on a day-to-day basis with Golam Sarwar remaining the main shareholder.
Amenities already include a restaurant, 14 elegant meeting rooms and a nightclub in an adjoining 16th-century barn conversion.
First opened in 1812, Bredbury Hall is set on seven acres of private grounds in Goyt Valley, just over two miles from Stockport town centre.