| | | | | | Securing growth capital for your boutique hotel: what banks are looking for
Ben Barbanel of OakNorth offers 10 top tips on securing debt finance for boutique hotel projects.
Read more...
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Canada's first pod hotel to be built at Whistler Village
Canada: The Pangea Pod Hotel will open in the ski resort of Whistler Village in April 2018.
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Old Amersham Hotels buys Number Four at Stow
UK: A boutique hotel in the Cotswolds has been sold in a deal brokered by Colliers International.
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| | | | Consider your options
• Ben Barbanel of OakNorth's article on securing debt finance contains some eye-opening statistics when it comes to the lending landscape for UK SMEs and where they look for funding.
Barbanel says 90 per cent of SMEs in the UK bank with either Barclays, RBS, Santander, Lloyds or HSBC, and 90 per cent of those businesses only go to their current account provider when seeking a loan. If they get a 'no', he says, they don't go anywhere else.
This seems a remarkably blinkered approach to take, especially in this day and age of enlightened consumers regularly shopping around for the best deal when it comes to their personal banking. Why does this attitude not extend to business banking for SMEs - a category that contains the vast majority of UK boutique and lifestyle hotels?
If you are looking for debt finance, it really pays to do your research and know what is out there - Barbanel's article contains lots of other good tips. Click here to read them.
George Sell, editor, Boutique Hotel News
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| A digital social media strategy glossary for hoteliers
Online marketing in the hospitality sector has a lot of buzz words associated with it - Hannah Béraud-Hindi looks at what they mean in practice.
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| Hotels' fight against OTAs - now it's personal
Effective use of customer knowledge is the key to more direct bookings, says Hotelchamp's Kristian Valk.
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| | | | EDITORIAL
George Sell. Editor,
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