Leading law firm Birketts has secured a £15m funding package on behalf of Bliss Hotels Limited to help deliver the group’s ambitious plans in Southport.
Bliss’ plans include the rebrand and refurbishment of the Ramada Plaza Hotel which anchors their multi-faceted leisure resort, The Waterfront. The scheme also benefits from a casino, theatre and conference centre.
Birketts advised on all legal matters with Andrew Ridout leading the transaction. Assistance was provided by colleagues Laura Jones and Lucy Broad.
Kevin Potter, Finance Director at Bliss Investment Partners, commented: “Birketts led the legal aspects in acquiring the Waterfront for Bliss Hotel two years ago and did an exceptional job. We therefore had no hesitation in engaging their services for this project. The team at Birketts has worked tirelessly to help achieve our ambitions.”
Melissa Loucas, Partner at Birketts and Head of Commercial Property Norwich, commented: “I am delighted that we have been able to secure this financing arrangement to help unlock this major redevelopment project for Southport. It was a pleasure working with Kevin Potter and team again and we wish them the greatest success with their planned expansion drive.”
This article is from the spring 2019 issue of Inside Out, our newsletter for those with an interest in corporate and commercial services. To download the latest issue, please visit the newsletter section of our website.
To keep up-to-date with the latest news, legal updates and seminar information, please register and select the areas that are of interest to you.
Key Contacts
The content of this article is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this article please contact the author in the first instance. Law covered as at March 2019.