Industry

OakNorth completes £50m loan to Arora Group

UK: OakNorth Bank has announced the completion of a £50m loan to hospitality operator The Arora Group. The loan is intended to help the company take advantage of new opportunities in the post-COVID landscape. Arora Group’s portfolio includes three separate subgroups across different asset classes, including such properties as Intercontinental

Movers and Shakers

OakNorth hires Rajesh Gupta as CFO

UK: OakNorth Bank has announced the appointment of Rajesh Gupta as their new CFO. Gupta’s previous role was as CFO of Kensington Mortgages, where he had spent five years overseeing finance during a period of company growth. Before Kensington, Gupta spent 21 years at General Electric, primarily working in banking

Hotel

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

travel
Features

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
Features

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.