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Flat Cap Hotels announces second site and launches crowdfunding campaign

26 July 2016 by
Flat Cap Hotels announces second site and launches crowdfunding campaign

Flat Cap Hotels has announced plans to open a second hotel in Knutsford, Cheshire, and launched a crowdfunding campaign to fund its growth.

The company has acquired the town's former Grade II-listed Crown Court building, which dates back to 1811, and intends to transform it into the 60-bedroom Courthouse hotel with 150-cover restaurant and function space for 550 guests. Cash for the work will be raised via the crowdfuning campaign, operated by online investment site Seedrs. Flat Cap Hotels has a target to raise £250,000 in six weeks.

Ten of the bedrooms will be located in the property's two existing wings , with an additional 50 rooms added in 2017.

The hotel group was established by third generation hoteliers Oliver and Dominic Heywood with the launch of the 20-bedroom Vicarage Freehouse & Rooms in Holmes Chapel, Cheshire. It plans to acquire five properties by 2019 with targeted areas including Shropshire, Gloucestershire and Oxfordshire.

The money-raising campaign went live on 25 July and will run for 60 days (seedrs.com/flatcaphotels).

So far the group has raised £23,700 of its £250,000 target.

Flat Cap Hotels announces launch of new boutique brand >>

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