UK: OakNorth Bank has provided a £9.8 million loan to luxury boutique hotel Eccleston Square Hotel in London to refinance existing debt and support growth plans.
The five-storey, Grade II-listed hotel features 39 ensuite bedrooms, a 25-cover restaurant, a bar and conference room. Eccleston Square first launched in 2010 after it was converted from the B&B, Elizabeth Hotel.
Olivia Byrne, manager of Eccleston Square Hotel, said: “Since launch, Eccleston Square Hotel has prided itself on offering a friendly and personalised experience for all its guests. Our hotel, situated on a picturesque Westminster residential square, is convenient for numerous central London transport links, tourist attractions, shops, theatres, as well as business meetings.
“We continue to be recognised as one of the best boutique hotels in London, as each detail in our family-run property has been carefully designed with wellbeing and comfort in mind. We were highly impressed with OakNorth’s knowledge of London’s hotel market and the overall experience which similar to ours, is high-tech without losing the human touch.”
Hilton Foster, director of debt finance at OakNorth Bank, added: “Olivia is an excellent hotelier, who has invested heavily in the hotel to ensure it always lives up to expectations. With the hotel located in prime central London, it lends itself well to the upscale hotel market, boosted further by a wide range of demand drivers and robust transport connectivity. The hotel is an excellent example of a well-run boutique offering and we’re delighted to be able to support its continued success.”
