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13 February 2017 | Hotel Mortgages

New owner surfaces for The Dolphin Hotel in St Ives

Christie Finance, the specialist commercial finance broker, as recently arranged the finance for a US based hotel operator to acquire their first hotel in the UK.

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The family business boasts a wealth of experience, having been in the hotel sector for nearly 40 years, constructing, owning and managing 16 hotels in the US. The family were keen to expand their business further by acquiring and operating in the UK.

They identified The Dolphin Hotel, a purpose built hotel and events venue near St Ives being sold through Christie & Co, as a great business opportunity. Itself a family run business for over 25 years; the hotel was recently updated and has a great reputation locally for 'staycations’, weddings and other events.

The family approached Christie Finance to help with funding due to their extensive experience in the hotel sector, Matthew Kavanagh, Finance Consultant at Christie Finance, assisted them to secure the finance required and guided them through the whole process to purchase the business.

Matthew commented: "I am delighted to have assisted the newly formed Cambridgeshire Hotels Ltd with their first hotel acquisition in the UK. The Company has been searching for the right business for over a year and I am glad that I could provide my expertise to secure funding to meet their exact requirements."