Westfort Advisors have negotiated a market-clearing facility to refinance the acquisition and refurbishment of the Staverton Park Hotel in Northamptonshire.
The hotel is owned by Zetland Capital Partners and offers 247 rooms and a PGA European-tour standard 18-hole golf course. It was previously operated as a DeVere but, following the acquisition in 2021, has been rebranded as the Staverton Park Hotel & Golf Club. The competitively priced, stretch-senior loan will refinance Zetland’s initial acquisition and facilitate a significant capex/refurbishment plan across the Hotel and Golf Club.
Nicholas Kalamaras, Head of Hospitality & Leisure at Metro Bank said:
“It was a real pleasure working with Westfort Advisors. The transaction is an excellent one for the Northants county, which will see the owners Zetland Capital providing significant investment into one of the key hotels and golfing complex’s in the area. We look forward to seeing the hotel refurbishments being completed.”
Deepak Drubhra, Co-Founder of Westfort Advisors said:
“Hospitality investors are seeking to optimise returns from operational assets and lenders in that space are being competitive and able to support projects that have strong fundamentals. This funding will allow Zetland to unlock the hotel’s potential as being a leisure destination in the Northampton area and we thank Metro Bank for their support and execution on this market leading financing package.”
