Hilco funds £6.1m bridging loan for Formby Golf & Spa Hotel

Hilco Real Estate Finance (“HREF”), a Hilco Global Company, has closed a £6.1m loan against a 76-key golf and spa hotel in Formby, Merseyside, lending on one of the region’s most prestigious golf and recreational facilities.

The 24-month facility will enable the owners to release equity during the acquisition of an additional asset and fund the continued investment in this market leading facility, key to the local area’s tourism sector.

The hotel is currently undergoing a £12m+ programme of improvement works.

Alongside a full spa and gym facility, the hotel incorporates an 18-hole championship golf course, an additional par three course, Toptracer driving range and is also the home of the ‘Tommy Fleetwood Academy’, the training academy of the current world number three golfer.

Steve Allen, Director of HREF, said: 

“We have strong conviction for the UK hotel sector, even more so for assets such as this that offer diversified income streams and the potential for growth following capex programmes.

In this case Hilco’s expertise in the golfing sector, where we have a specialist team focused on this niche market, was especially helpful.

We look forward to further deals in the hotel and golf sectors in the near future.”

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