OakNorth Bank secures additional CBILS allocation

UK: OakNorth Bank has approved over £600 million in new loans since lockdown began, and the British Business Bank has since approved an additional CBILS allocation. The Coronavirus Business Interruption Loan Scheme (CBILS) is available to UK businesses with a turnover of no more than £45 million per yer. Since


OakNorth completes loan to The Jade Hotel

UK: The family-run property located in South Kensington has secured a loan to renovate the hotel and add another five bedrooms. Purchased in the 1980s, the hotel has been in operation since 1984 and was converted from a five-storey terraced house into a 30-bedroom hotel in 2011. The loan will


OakNorth Bank lends £9m to Nine Group for Gatwick Airport hotel

UK: Nine Hotel Group will convert the old Menzies Chequers Hotel close to Gatwick Airport into a new 131-bedroom Marriott-branded hotel. The new Four Points by Sheraton (Marriott), located in Horley, Surrey, will have its own restaurant, eight event rooms and 200 parking spaces. The former Chequers Hotel has been


IHM A-Z: What’s next in travel, hospitality and real estate in 2024?

Worldwide: IHM’s editorial team [George Sell, editor-in-chief; Paul Stevens, editor – short-term rentals; and Eloise Hanson [editor – hospitality] provide a glimpse into what to expect for the travel, hospitality and real estate sectors in 2024 in our annual A-Z article.

Hotels ESG

Hotels are 10 years behind offices on ESG

UK: International Hospitality Media (IHM) held its latest Urban Living Insights: Hotels and Hospitality event last week at the Sheraton Grand Park Lane in London, sponsored by Hubbl.