Saturday, August 15, 2020

Bank refinance deal secured for award winning Derbyshire hotel

The Sunday Times Country House Hotel of the Year, Losehill House Hotel & Spa has secured a multi-million refinance deal thanks to the Debt Advisory team at Duff & Phelps.

The funding, secured from Allied Irish Bank (GB)* by Duff & Phelps, will support the ongoing investment in this country house hotel and assist plans to bring Manchester’s acclaimed ‘Grafene’ dining concept to the Peak District.

Paul Smith, Managing Director, Duff & Phelps Debt Advisory, stated: “We are delighted to have supported the management team at Losehill Hotel through the refinance process and to have delivered another successful outcome to a business in the hotel sector. We were pleased to take such an instrumental role in bringing together all the parties in this deal to deliver the best possible outcome.”

Paul Roden, Owner of the Losehill House Hotel & Spa, added: “The hotel has built up an enviable reputation over the years and to have recently secured the Sunday Times award is a testament to the passion and commitment of all our team who work at the hotel. We have a lot to be proud of and have some very exciting plans afoot as we move to bring the Grafene’s refined take on British eating to the hotel.

“The refinance deal led by the team at Duff & Phelps comes at a perfect time and we are happy to be working with a finance partner who understands our business and future aspirations. The deal backs our ongoing investment strategy and we have been very happy with how helpful and supportive Paul Smith and the team have been.” 

Located in Derbyshire, Losehill House Hotel & Spa is privately owned by Paul and Kathryn Roden, former owners of the acclaimed Manchester restaurant Grafene where they delivered a modern twist on British fine dining. The duo have owned the four star Losehill House Hotel & Spa since 2007, having established it as the finest boutique hotel in the heart of the Peak District National Park.

Allied Irish Bank (GB) was represented by Relationship Manager David Booth, who was introduced to Paul and Kathryn Roden by Paul Smith, Managing Director at Debt Advisory firm Duff & Phelps. The refinance package has been structured to support the continued investment plans for the hotel as they build upon their reputation. It will assist also their plans to bring the Grafene’s unique dining concept to the hotel’s Orangery restaurant which will be renamed the Grafene at Losehill House Hotel.

David Booth, Relationship Manager, Allied Irish Bank (GB), concluded: “I am delighted to be helping such a quality management team. Paul and Kathryn are very experienced and have ambitions to make Losehill House Hotel & Spa the best country house hotel in the country. This is a fantastic achievement and we are excited to be supporting them with their future aspirations and structure a funding package that assists their ongoing strategy.”

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