19 March 2019
SPF secures £15m of funding for first Bliss Hotel
SPF Private Clients is delighted to have arranged funding for the first Bliss hotel – the rebranding and refurbishing of the 133-room Ramada Plaza hotel in Southport, the North West’s premier coastal destination within an hour of Liverpool and Manchester.
The team behind Everyman Cinemas are launching the hotel, which will anchor The Waterfront – a 250,000 square foot, multi-faceted leisure resort – including a casino, theatre and conference centre, sitting on the edge of Southport’s Marine Lake with sweeping coastal views.
SPF brokered the deal, securing £15m of funding through IGC Longbow. The new project is just the start of a strategic Bliss Hotel expansion drive for the ‘Super Soulful’ hotel brand to other locations in the UK.
Daniel Broch, Bliss Hotel co-founder (and Everyman founder), says: ‘What a moment for Southport and Bliss Hotel – our shared vision is about to become a reality fuelled by the enthusiasm and excitement of all those involved. Creating anything from scratch is hugely inspiring and challenging: we are aiming high.’
Simon Ward, director of SPF, says: ‘We’re thrilled to have arranged funding for the first Bliss-branded hotel, using our expertise and strong lender relationships to secure highly competitive terms for the client. The Bliss brand will transform what was previously a Ramada hotel and adjoining conference centre into a much-needed destination area, bringing more people to the Waterfront.’