HMT’s 5 Deals of Christmas – a hotel and golf resort
HMT LLP advised family-owned golf resort operator Whittlebury Park on its acquisition of Whittlebury Hall & Spa for an undisclosed sum.
Located in the countryside of South Northamptonshire adjacent to Silverstone racing circuit, Whittlebury Park is a prestigious resort comprising two 18-hole golf courses, venues for weddings and corporate events, outdoor and indoor activities, campsite and accommodation.
Whittlebury Hall & Spa is a 254 room, 4* hotel with three restaurants, extensive conference facilities and 23 treatment room spa located next to Whittlebury Park.
HMT arranged a bespoke debt package to support the acquisition with new funding provided by OakNorth Bank.
Jeff Sergeant, Executive Chairman of Whittlebury Park commented:
“It has taken over three decades to develop Whittlebury Park into the estate it is today and as we look ahead to the future, we are keen to continue building on its success and expand further. Uniting Whittlebury Hall with Whittlebury Park will bring the entire estate into family control, and provides us with the opportunity to increase our corporate proposition and host more guests during peak times such as the Grand Prix.”
Adrian Howells at HMT commented:
“Commercially, the acquisition makes perfect sense and the combination of 2 closely located businesses that are individually operating well should enable the enlarged Whittlebury estate to go from strength to strength. I am pleased we were able to quickly identify the right funding partner in OakNorth Bank for this transaction, who will help support the business in the coming years.”