{"id":4566,"date":"2022-05-12T19:01:00","date_gmt":"2022-05-12T23:01:00","guid":{"rendered":"https:\/\/espacestudio.ca\/boutique-hotel-wedding-venue-pub-and-restaurant-operator-secures-26m-boost\/"},"modified":"2022-05-12T19:01:00","modified_gmt":"2022-05-12T23:01:00","slug":"boutique-hotel-wedding-venue-pub-and-restaurant-operator-secures-26m-boost","status":"publish","type":"post","link":"https:\/\/espacestudio.ca\/en\/boutique-hotel-wedding-venue-pub-and-restaurant-operator-secures-26m-boost\/","title":{"rendered":"Boutique hotel, wedding venue, pub and restaurant operator secures \u00a326m boost"},"content":{"rendered":"

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A \u00a326m boost has been secured by a boutique hotel, wedding venue, pub and restaurant operator in Lancashire.<\/p>\n

The finance package has been provided to Bowland Inns & Hotels, which trades as James\u2019 Places, by Barclays.<\/p>\n

The company is headquartered in Clitheroe and group owns and operates a collection of historic buildings in the Ribble Valley, Lune Valley and the Yorkshire Dales.<\/p>\n

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The facility will be used to refinance existing debt and provide “significant additional headroom” to support future growth and acquisition plans.<\/p>\n

Its eight-strong portfolio features hotels, wedding venues, gastropubs and restaurants including Holmes Mill which is home to the group\u2019s Bowland Brewery, Beer Hall and Food Hall, in addition to a 39-bedroom hotel and Everyman Cinema.<\/p>\n

The company said its turnover for the 12 months to November 2022 is expected to exceed \u00a323m and its employees will pass the 450 mark by the end of the year.<\/p>\n

Its most recent accounts, for the year to November 2021 have not yet been filed with Companies House.<\/p>\n

The latest available results, for the 12 months to November 2020, include a turnover of \u00a319m and a pre-tax loss of more than \u00a310m.<\/p>\n

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\n\"Eaves<\/div>\n<\/div>
Eaves Hall, West Bradford<\/span>
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James Warburton, managing director of James\u2019 Places, said: “We are absolutely delighted to begin a new banking relationship with Barclays.<\/p>\n

“We have been talking about the move for a number of years and it\u2019s a great testament to Rob and his team that we have finally got the deal done despite everything that the Covid-19 pandemic has thrown at us.<\/p>\n

“We can now look ahead to building a bigger and better business. We have solid foundations, we have a great operations team and we now have a great banking partner.”<\/p>\n

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\n\"Mitton<\/div>\n<\/div>
Mitton Hall, Ribble Valley<\/span>
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Rob Morland, Barclays relationship director, added: “I have been in discussions with James and the senior management team for a number of years and during that time have been impressed with the outstanding quality of the group\u2019s offering and resilience in the face of the Covid pandemic.<\/p>\n

“The strength of the senior management team means James\u2019 Places have emerged stronger from recent challenges faced by the whole industry and I look forward to a long and successful partnership, helping to bring their future growth plans to fruition.”<\/p>\n

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