Losehill House Hotel & Spa, which was named The Sunday Time Country House Hotel of the Year in 2018, has secured a multi-million refinance deal to spur on the development of a new dining concept.
The Debt Advisory team at Duff & Phelps helped source the funding from Allied Irish Bank, which will now go towards introducing Manchester’s ‘Grafene’ restaurant to the area.
Located in Derbyshire, Losehill House Hotel & Spa is privately owned by Paul and Kathryn Roden, former owners of the acclaimed Manchester restaurant Grafene where they delivered a modern twist on British fine dining.
The duo have owned the four star Losehill House Hotel & Spa since 2007, and will now introduce Grafene to the hotel’s Orangery, which will be renamed Grafene at Losehill House Hotel.
The 22-bedroom hotel is currently home to a 2 AA Rosette restaurant and has been awarded the Peak District Environmental Quality Mark for their commitment to the Peak District and the environment in general.
Paul Roden, owner of the Losehill House Hotel & Spa, added: “We have a lot to be proud of and have some very exciting plans afoot as we move to bring the Grafene’s refined take on British eating to the hotel. The refinance deal led by the team at Duff & Phelps comes at a perfect time and we are happy to be working with a finance partner who understands our business and future aspirations. The deal backs our ongoing investment strategy and we have been very happy with how helpful and supportive Paul Smith and the team have been.”