Future of iconic hotel secured thanks to refinancing

Bredbury Hall

The future of an iconic North West hotel has been secured thanks to a multimillion pound refinancing deal.

Bredbury Hall first opened in 1812, in the Goyt Valley and has hosted entertainers including Shirley Bassey.

It was bought out of administration four years ago by Bangladesh businessman Golam Sarwar, who owns the five-star Hotel Sarina in Dhaka.

The refinancing deal with Allied Irish Bank was managed by Paul Smith and Martin Gray, both of Duff & Phelps Debt Advisory.

Bredbury Hall is set on seven acres of private grounds just over two miles from Stockport town centre and under ten miles from Manchester Airport, with motorway links to the major northern cities.

Golam Sarwar, who owns the five-star Hotel Sarina in Dhaka, acquired the hotel in 2015 and since that time has invested significantly in the landmark venue.

He said: “This successful refinancing deal is of significant importance to Bredbury Hall, its customers and its employees as it will enable us to continue the project we began when we acquired the hotel in 2015.

“Our immediate plans include refurbishing the bedrooms and launch a new restaurant.

“This follows the work we have already done upgrading the reception area and wedding venue, improvements to the nightclub and introduction of a second informal brassiere restaurant.”

Relationship Manager David Booth from Allied Irish Bank (GB) used his specialist knowledge and experience of the leisure sector to tailor the right finance package for Bredbury Hall.

He said: “This is an exciting period with redevelopment plans afoot for Bredbury Hall. I am pleased to be working with Golam Sarwar and the team at Duff & Phelps to support the future growth of the hotel.”

Paul Smith, Managing Director, Debt Advisory, Duff & Phelps who advised on the deal stated: “We are delighted to have played a key role in raising the funding and securing a new finance partner in Allied Irish Bank for the redevelopment of this iconic hotel.”

Bredbury Hall has been managed by Assured Hotels on a day-to-day basis with Golam Sarwar remaining the main shareholder.

Amenities already include a restaurant, as well as a nightclub in an adjoining 16th-century barn conversion.

Airport parking and transfers are available, and conference facilities include 14 elegant meeting rooms.

 

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