North East hotel chain The Inn Collection Group has unveiled plans to more than double the size of its UK portfolio having received a £10m loan from alternative lender OakNorth.
The group, set up in 2006, has built up a portfolio of £20m leisure-focused hotel schemes across nine sites in Northumberland, County Durham and Teesside. It plans to use the funding from OakNorth, and backing from private equity firm Alchemy Partners increase its portfolio from 271 rooms to almost 900 across 21 sites by 2022.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts