Beer & Young raises £400,000 for hotel group
Beer & Young hasjust completed a fund raise for a client that operates a profitable business remodelling and remarketing underperforming hotels.
The client hasbought and redeveloped numerous sector branded hotels – including Ibis, Best Western and Travelodge – improving facilities, adding bedrooms and re-launching the properties with day-to-day operations handled by a leading European hotel management company. With over £40 million in group assets and numerous projects in the pipeline, the client was looking for a flexible approach to funding their growth.
Having spent some time understanding the model and, in simple terms, what works and doesn’t work for the client, Beer & Young approached members of its network and is pleased to announce that it has secured £400,000 of soft loans, delivering high yields for its investors.
Beer & Young said:
“We are delighted with this outcome and expect to be adding to this number very soon. We really like working with our client and see a long-term relationship developing. Building the size of group the founders anticipate will always require new capital; B&Y are on hand to deliver this.
“We are always happy to talk with business owners seeking capital and investors looking to make use of their own money.
“We not only bring business owners and investors together but actively assist negotiating terms that satisfy all parties. We are currently very active with investor led secured debt funding and having one of the most active investor networks in the industry, we can usually find the right solution for any given situation.
“We really value your business. If you have a client or investor interested in seeing what we can offer, we’d be pleased to hear from you. Feel free to get in touch with one of our knowledgeable Associates.”