UK: Sarah Green, Neil Parry, Nigel Chapman and Tony Nares have launched HotelFinance, a new commercial finance broker which will work solely with the hotel sector.
In response to the change in the sources available for funding hotel acquisitions and development, HotelFinance aims to provide help with identifying the most appropriate lender and advice for structuring loans.
The firm covers all areas of hotel finance including:
• Acquisition finance
• Development finance
• Mezzanine finance
• Bridging finance
“We are delighted to be launching HotelFinance and believe that our combined many years of experience in lending, investing and operating in the hotel sector will help us deliver tailored solutions to those hoteliers wanting to raise debt in these difficult times,” said Green, director.
Green was previously development director for Hilton (UK & Ireland) and prior to that, business development director, hotels for RBS. She has experience in hotel lending, hotel brands and the negotiation of franchise and management agreements.
Parry, director, was previously managing director of RBS/Natwest hotels and leisure sector, where he oversaw a £2 billion portfolio of loans. Other held roles include national head of hospitality and leisure, and regional credit director at Barclays. He has recently been consulting on the government backed coronavirus lending schemes.
Chapman, director, has 30 years of experience developing and operating a number of new hotel and resort brands. These include Alias Hotels, Luxury Family Hotels, Martinhal Resort and the five-star Sheen Falls Lodge in Kenmare. He has bought or sold nearly 50 hotels and raised debt and equity of over £250 million in this time. Chapman remains involved with the Kingfisher Group and is currently progressing over £150 million of resort development.
Nares, director, has four decades worth of experience as a financial director and has experience with hotel brands ranging from budget to five-star including Cliveden, Best Western, and the Mercure franchise. He has worked with fully listed PLCs, private equity and private ownership enterprises.
Further information on HotelFinance can be found here.