Multi-million pound deal to bring fine dining to hotel
Derbyshire-based Sunday Times Country House Hotel of the Year, Losehill House Hotel & Spa, has secured a multi-million pound refinance deal.
The investment was supplied by Allied Irish Banl (GB) with advisers from the debt advisory team at Duff & Phelps.
The hotel says the facility will “support the ongoing investment” and help with plans to bring Manchester’s acclaimed ‘Grafene’ dining concept to the Peak District.
Paul Roden, owner of the Losehill House Hotel & Spa, said: “The hotel has built up an enviable reputation over the years and to have recently secured the Sunday Times award is a testament to the passion and commitment of all our team who work at the hotel.
“We have a lot to be proud of and have some very exciting plans afoot as we move to bring the Grafene’s refined take on British eating to the hotel.
“The refinance deal led by the team at Duff & Phelps comes at a perfect time and we are happy to be working with a finance partner who understands our business and future aspirations. The deal backs our ongoing investment strategy and we have been very happy with how helpful and supportive Paul Smith and the team have been.”
Paul Smith, managing director, Duff & Phelps Debt Advisory, said: “We are delighted to have supported the management team at Losehill Hotel through the refinance process and to have delivered another successful outcome to a business in the hotel sector. We were pleased to take such an instrumental role in bringing together all the parties in this deal to deliver the best possible outcome.”
Located in Derbyshire, Losehill House Hotel & Spa is privately owned by Paul and Kathryn Roden, former owners of the acclaimed Manchester restaurant Grafene. The duo have owned the four star Losehill House Hotel & Spa since 2007
Allied Irish Bank (GB) was represented by relationship manager David Booth, who was introduced to Paul and Kathryn Roden by Paul Smith, managing director at Duff & Phelps.