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.”

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

International landlords drive surge in buy-to-let company formations

One in five buy-to-let companies incorporated in the UK this year has at least...

The Tipton & Coseley widens expat residential mortgage range

Tipton & Coseley Building Society has expanded its offering for expat residential borrowers by...

The Right Mortgage launches ‘Opportunity Insights’ podcast series

The Right Mortgage & Protection Network has unveiled a new podcast series aimed at...

Fleet Mortgages adds new products alongside rate and fee cuts

Fleet Mortgages has announced a raft of changes to its fixed-rate buy-to-let range, including...

Foundation Home Loans adds larger loans and 80% LTV options to Specials range

Foundation Home Loans has overhauled its buy-to-let Specials range, raising loan limits, introducing new...

Latest publication

Latest opinions

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Other news

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

International landlords drive surge in buy-to-let company formations

One in five buy-to-let companies incorporated in the UK this year has at least...

The Tipton & Coseley widens expat residential mortgage range

Tipton & Coseley Building Society has expanded its offering for expat residential borrowers by...