SPF arranges £15m funding deal for first Bliss Hotel

Published on

SPF Private Clients has arranged funding for the rebranding and refurbishing of the 133-room Ramada Plaza hotel in Southport as the first Bliss hotel.

The team behind Everyman Cinemas is launching the hotel, which will anchor The Waterfront – a 250,000 square foot, multi-faceted leisure resort – including a casino, theatre and conference centre, sitting on the edge of Southport’s Marine Lake.

SPF brokered the deal, securing £15m of funding through IGC Longbow. The new project is just the start of a strategic Bliss Hotel expansion drive for the ‘Super Soulful’ hotel brand to other locations in the UK.

Daniel Broch, Bliss Hotel co-founder and Everyman founder, said: “What a moment for Southport and Bliss Hotel – our shared vision is about to become a reality fuelled by the enthusiasm and excitement of all those involved. Creating anything from scratch is hugely inspiring and challenging: we are aiming high.”

Simon Ward, director of SPF, added: “We’re thrilled to have arranged funding for the first Bliss-branded hotel, using our expertise and strong lender relationships to secure highly competitive terms for the client.

“The Bliss brand will transform what was previously a Ramada hotel and adjoining conference centre into a much-needed destination area, bringing more people to the Waterfront.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...

Satchell the latest to leave HTB bridging division

Lorenzo Satchell has become the latest senior member of the bridging team at Hampshire...

Clydesdale Bank to cut mortgage rates across multiple product ranges

Clydesdale Bank has announced a series of rate reductions across its residential mortgage products,...

LV= joins CIExpert’s Insight Zones

LV= has joined CIExpert’s Life & Critical Illness Cover (CIC) and Income Protection (IP)...

Other news

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...

Satchell the latest to leave HTB bridging division

Lorenzo Satchell has become the latest senior member of the bridging team at Hampshire...

Clydesdale Bank to cut mortgage rates across multiple product ranges

Clydesdale Bank has announced a series of rate reductions across its residential mortgage products,...