OakNorth Bank completes bespoke facility for Dumbleton Hall Hotel acquisitions
08/04/2021 - 9:51am
OakNorth Bank has provided a bespoke finance facility supporting the acquisition and redevelopment of the Grade II-listed Dumbleton Hall Hotel.
Situated on the border of Gloucestershire and Worcestershire and within the Cotswold AONB, Dumbleton Hall was built in the the mid-1800s as a classic stately home, before becoming a hotel post WWII. The hotel currently has 39 rooms, a wide variety of event spaces and 19 acres of gardens, woodland and lake. With spectacular views over the Cotswold hills, the hotel is located only a short drive from the M5 motorway and within an hours drive from large cities including, Bristol and Birmingham.
The project, which will see the hotel upgraded from a three to a four-star plus establishment, as well as the addition of five new rooms and more event space, is being led by the team behind US based property developer, Chatham Park Development. Specialising in residential, mixed-use and hotel schemes, Chatham Park Development endeavours to create physically attractive and well-functioning built environments that enhance and strengthen communities. The upgraded hotel will be operated by Bespoke Hotels, the UK's largest independent hotel group, which operates over 14,000 rooms worldwide across over 90 hotels with franchises such as Accor, DoubleTree, and Mercure.