Beaverbrook hotel and estate secures £52m loan to fund growth

Country house hotel Beaverbrook in the Surrey Hills has secured a £52m loan from OakNorth bank to refinance existing facilities and accelerate its expansion plans.

The 57-room estate is spread over 475 acres and features four restaurants, two bars, tennis courts, a private cinema and the Coach House Spa.

Beaverbrook is a Victorian mansion that dates back to 1866 and opened to the public in 2007 after a restoration.

Group general manager Jorge De Jesus told The Caterer in November last year that the property was set to launch a Victorian village and a five-bedroom private house to broaden its luxury accommodation offering.

Joel Cadbury, co-founder of Beaverbook Holdings Limited, said: "We are grateful to the team at OakNorth who have built an in-depth understanding of Beaverbrook and are delighted to have refinanced our debt on terms that reflect the maturity of our business and the completion of development works."

Deepesh Thakrar, senior director of Debt Finance at OakNorth, added: "Beaverbrook is a phenomenal business backed by incredibly successful, experienced, and proven founders. They proved their resilience and commitment through COVID, managing to build a highly profitable business in a highly competitive space."

OakNorth bank launched in September 2015 and has backed hospitality companies including Z Hotels and Inception Group.