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21 March 2016 | Hotel Mortgages

Winner of best small hotel in the world funded through Christie Finance

Edgar House, a multiple award winning boutique hotel in Chester, was recently assisted with raising funding by specialist commercial mortgage broker, Christie Finance.

The hotel was opened in 2013 following extensive redevelopment of the property. Edgar House has grown in popularity with specific focus on a luxurious stay with personal service. A Georgian property located in Chester Town Centre, the business has received numerous awards for excellence from the likes of the Good Hotel Guide, Daily Mail, Sunday Times, Trivago and most recently being voted number one small hotel in the world by TripAdvisor.

As a result of this recognition and the growing number of guests, the owners, Tim Mills & Mike Stephen, are implementing exciting new plans which will expand the business over the coming months.

Scott Murcott, Finance Consultant at Christie Finance, helped arrange the specialist refinance package and raised additional funds for refurbishment and development of the hotel.

Scott’s comments, “I am delighted to help Tim & Mike find the right funding to support their plans. Using our extensive contacts we were able to negotiate a great finance package, saving our clients over £225k over the loan term.”

“With this funding in place I am confident that the hotel will be able to take steps to achieve even greater success in the years to come.”

Mike and Tim added: “It has been a fantastic 3 years for us, and the best possible start to 2016 with the recent TripAdvisor Award. We were delighted to work with Christie Finance to help fund our growth plans, and Scott was an absolute pleasure to work with. He went above and beyond to secure us an impressive facility, which significantly exceeded our expectations. We have every intention of working with Christie Finance again in the future”