Formby Hall Golf Resort & Spa secures £13.8m refinancing loan 

Formby Hall Golf Resort and Spa has secured a £13.8m refinancing loan following an agreement with specialist hotel lender Leumi UK. 

The deal, agreed with global private equity firm H.I.G Capital and hotel manager Hamilton Pyramid Europe, has been proposed for a five-year term.

The four-star spa and golf resort features 76 hotel rooms and in recent years has gone through a series of renovations to incorporate spa and leisure facilities.  

Looking ahead, the site plans to extend the bed stock, as well as upgrade and extend the spa, gym, treatment rooms and hospitality facilities.

Leumi UK said the outlook for the asset was “a promising one”, despite difficult economic headwinds. It added that a comparatively weak sterling and cost-of-living crisis will help drive international visitors and domestic staycationers respectively.  

Liam Mullans, relationship director at Leumi UK, said: “Building strong relationships with our clients is paramount at Leumi UK, so we’re pleased to have the opportunity to be working again with H.I.G. Capital and Hamilton Pyramid Europe, both highly respected firms in the wider hotel and real estate markets. 

“The UK hotel sector has grown significantly, with transaction volumes in H1 2022 up 35 percent compared to H1 2021 and so we’re confident that Formby Hall has all the components to continue thriving over the coming years.” 

Tobi Weissinger, partner at Hamilton Pyramid Europe added: “We are confident that Formby Hall has all the credentials to excel over the next few years. Leumi UK’s hotels team and their unmatched expertise is an excellent asset, which will prove invaluable as we take the next steps in expanding and improving Formby Hall Golf Resort and Spa. 

“The future for the UK’s hotel sector looks promising, and with plenty of opportunity for the UK’s regional UK golf and spa hotels, we’re looking forward to what the future brings for Formby Hall.”