- Client Type: UK Limited Company with UK UBOs
- Property Type: Prime UK Hotel
- Asset Property Value: Circa £8 million
- Loan Amount: Circa £2 million
The clients are owners of a well-established UK hotel group. They were seeking to capitalise on a strategic growth opportunity and required a circa £2 million commercial remortgage secured against one of their prime hotel assets. The funds were intended to support the acquisition of an additional UK hotel, enabling portfolio expansion over the coming years.
Following the pandemic, the hotel group, like many in the hospitality sector, experienced a significant drop in turnover and profitability. Despite repaying government-backed borrowing and returning their hotels to full trading capacity, mainstream lenders focused solely on recent accounts, without considering the broader business performance or recovery trajectory. At the same time, the group faced elevated capital expenditure to optimise occupancy and long-term revenue.
Enness arranged a circa £2 million commercial mortgage secured against one of the group’s prime UK hotel assets, partnering with a specialist lender willing to take a holistic view of the business. The two-year facility was agreed at an attractive interest rate with the flexibility to either service or roll up interest. This structure allowed the business to access growth capital without jeopardising cashflow during a capex-intensive period.
Enness Global specialises in complex commercial mortgages and hotel finance, particularly where mainstream lenders apply rigid criteria. With access to a panel of over 500 specialist and private lenders, we structure facilities that reflect the underlying strength and potential of a business, rather than just short-term financial performance. For hotel operators seeking growth capital, Enness provides a discreet, pragmatic, and results-focused approach to commercial property finance.
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Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
