The shareholders of Old Amersham Hotels (Holdings) Ltd, a company that runs three popular local hotels and venues in Buckinghamshire, plus its sister company Redesdale Holdings, which runs hotels in the Cotswolds, can realise their business plans thanks to newly negotiated finance from Cynergy Bank.
Old Amersham Hotels has refinanced the debt on The Crown, Kings Arms and Kings Chapel – all of which are in Old Amersham. Redesdale Holdings has refinanced the debt on Redesdale Arms and Number Four at Stow, both of which are in the Cotswolds.
The Crown in Old Amersham, features on the boutique travel site Mr & Mrs Smith. It is a 500 year-old coaching inn that has undergone a modern-rustic makeover at the hands of Ilse Crawford, complementing the original features with a contemporary feel. The Kings Arms Hotel is a 36-bedroom inn dating from the 1400s. It has been used extensively in TV and film productions including Four Wedding and a Funeral, Miss Marple and Midsomer Murders. The Kings Chapel is available to hire for weddings, parties and corporate events, and is set in the Old Town of Amersham on the High Street.
The Redesdale Arms hotel is situated in Moreton-in-March in the Cotswolds. It is a 34-bedroom hotel that dates back to 1650 and is constructed of Cotswold stone with a heavily oak beamed interior. Number Four at Stow is a contemporary boutique hotel with 18 rooms that includes suites and a family room, on the outskirts of Stow-on-the-Wold.
Cynergy Bank provided £8.55 million in newly negotiated loans for the two companies (£5.55m for Old Amersham Hotels and £3.00m for Redesdale Holdings). Both loans enabled the businesses to refinance existing bank debt and release part of the shareholder loans. The loans were provided with repayments modelled over a 25 year term.
