Hotel Acquisition for Rebranding and Refurbishment in the Lake District
£2,400,000 · 14 months · 0.96% pm. A hospitality group acquired a 32-bedroom hotel in the Lake District that had underperformed under its previous owners.
The Client
Hospitality group
The Challenge
A hospitality group acquired a 32-bedroom hotel in the Lake District that had underperformed under its previous owners. The group planned to rebrand, refurbish, and reposition the hotel in the premium leisure market. Commercial hospitality lenders required 12-24 months of trading under new ownership before considering refinance.
Our Solution
Doulton provided a £2.4m commercial bridge, covering the acquisition and a refurbishment tranche. The facility gave the operator time to trade, build a new revenue record, and attract long-term hospitality finance.
The Outcome
Rebranding and refurbishment completed in nine months. Hotel relaunched and achieved 78% occupancy in the first full trading season. Commercial hospitality mortgage arranged at month thirteen at a valuation reflecting the improved trading performance. Key highlights: Hospitality sector bridge for acquisition and refurbishment; Rebranding and refurb completed in 9 months; 78% occupancy - commercial mortgage secured at enhanced value.