Register to get 3 free articles
Register to unlock the article and receive our free newsletter. Join 26,000 other hotel leaders and stay in the know.
Want unlimited access? View Plans
Already have an account? Sign in
Ability Group has acquired a £24.6m loan facility against the Bristol airport Hampton by Hilton Hotel from Ask Partners to refinance an existing facility and fund an extension of the hotel to create a further 50 bedrooms.
The Ability Group acquired the Hampton By Hilton Bristol Airport from CIMC Capital Ltd. in a £24m deal in 2020.
The hotel comprises 201 bedrooms, two meeting rooms, a gym, lounge area and food and beverage facilities.
It is located adjacent to the airport’s terminal; the only branded hotel at Bristol International Airport.
Daniel Austin, CEO and co-founder at Ask, said: “We were delighted to provide Ability Group with the funding required to expand this successfully operated hotel, managed by a well-known brand, in line with the airport’s growth plans.
“The proposed build, in keeping with the original construction, will extend the hotel without disrupting the hotel’s on-going operations. Bristol Airport is the UK’s 8th largest airport, servicing commuters from Southwest England and Wales. With the increase in travel and terminal side hotel demand post-Covid, coupled with the Bristol airport expansion plans, we felt this was a strong business proposition that we were happy to underwrite.”
