Propel Morning Briefing Mast Head CPL Training Link Paul's Twitter Link Subscribe Unsubscribe Web Version Propel Info website Propel Info website Forward Email Star Pubs and Bars Banner Morning Briefing Strap Line
Tue 8th Jan 2019 - Inn Collection Group secures £10m from OakNorth to more than double portfolio to 21 sites
Inn Collection Group secures £10m from OakNorth to more than double portfolio to 21 sites: The Inn Collection Group, which is owned by Alchemy Partners, has secured a £10m loan from OakNorth to fund its expansion. The Inn Collection Group plans to more than double its portfolio from nine to 21 sites by 2022. In June last year The Inn Collection Group, which was established in 2006, secured investment from Alchemy Partners, which has invested more than £3.5bn since its inception in 1997 and has £1.8bn of assets. During the past 12 years The Inn Collection Group has developed contemporary inns providing accommodation, food, and drink to leisure and business customers. It currently has 271 rooms across its nine sites in Northumberland, County Durham and Teesside but plans to increase this to almost 900 across 21 sites by 2022 with finance from OakNorth and Alchemy. The Inn Collection Group managing director Sean Donkin said: “It has been an incredible 12 months for The Inn Collection Group – we’ve secured backing from one of the UK’s most reputable private equity firms and have successfully secured two loans from OakNorth, a bank that prides itself on the high quality of its loan book. As we look ahead to the future, we are keen to continue building our portfolio with sites that fit with our proposition of providing high-quality accommodation, service, food and beverages, and are delighted to have the support of both OakNorth and Alchemy Partners to help us achieve this.” Stuart Blair, debt finance director at OakNorth, added: “The north east experienced record-breaking levels of tourism in 2018, according to figures from Visit England. The number of visitors was up across all the northern powerhouse regions but the north east, where most of The Inn Collection Group’s sites are based, recorded the largest rises. The fact the group has managed to secure backing from such an established private equity firm as Alchemy Partners speaks of the quality of the management team and its ambitious and strategic growth plans. We were delighted when it returned to us for a second loan and look forward to working with the group on its continued expansion.”



Return to Archive Click Here to Return to the Archive Listing
 
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Quarterly Spring 2018view online
 
Propel Premium
 
MyPubGo Banner
 
NDML Banner
 
Casual Dining Banner
 
Pago Banner
 
Old Speckled Hen Banner
 
Ei Group Banner
 
Trail Banner
 
HGEM Banner
 
Zonal Banner
 
Hospitality Jobs UK Banner
 
Danish Crown Banner
 
COREcruitment Banner
 
Sky Banner
 
Access Banner
 
Freeths Banner
 
Star Pubs and Bars Banner
 
Venners Banner
 
liveRES Banner
 
Wireless Social Banner
 
Frobishers Banner
 
Pipers Crisps Banner
 
Tahola Banner Tahola web link
 
Black Eye Cold Brew Coffee Banner
Punch Taverns Link Punch Taverns Link
Access Banner
ALMR Web Link Web Version Unsubscribe Subscribe Propel Info website