Leumi UK has agreed a £13.8m refinancing loan with private equity firm HIG Capital and hotel manager Hamilton Pyramid Group to help support the refinance of Formby Hall Golf Resort & Spa, near Liverpool.
The specialist hotel lender has agreed the deal with the owners of the four-star spa and golf resort on a five-year term. At present the hotel has 75 hotel rooms and it has undergone a series of renovations. Going forward the owners intend to extend the bed stock and upgrade and extend the spa, gym, treatment rooms and hospitality facilities.
Liam Mullans, relationship director at Leumi UK, said: “Building strong relationships with our clients is paramount at Leumi UK, so we’re pleased to have the opportunity to be working again with HIG Capital and Hamilton Pyramid Europe, both highly respected firms in the wider hotel and real estate markets.
“The UK hotel sector has grown significantly, with transaction volumes in H1 2022 up 35% compared to H1 2021 and so we’re confident that Formby Hall has all the components to continue thriving over the coming years.”
Tobi Weissinger, partner at Hamilton Pyramid Europe, added: “We are confident that Formby Hall has all the credentials to excel over the next few years. Leumi UK’s hotels team and their unmatched expertise is an excellent asset, which will prove invaluable as we take the next steps in expanding and improving Formby Hall Golf Resort & Spa.
“The future for the UK’s hotel sector looks promising, and with plenty of opportunity for the UK’s regional UK golf and spa hotels, we’re looking forward to what the future brings for Formby Hall.”
