East Midlands events venue acquired by new owners with bank funding
Added by Love Business East Midlands | 30 November 2018
UPDATED: 30 November 2018
Hothorpe Hall & The Woodlands in Theddingworth, Leicestershire, has been acquired by new owners Christian Guild in a seven-figure funding deal provided by Allied Irish Bank (GB)*.
Hothorpe Hall & The Woodlands is steeped in history, with its origins dating back to 900AD. In 1984 the location opened as a Christian Conference Centre and has retained its Christian values and customer base since then. Today it is a multi-use events venue welcoming over 20,000 guests a year for weddings, conferences, church or leisure residential breaks and functions.
Facilities include 55 en-suite bedrooms and 11 meeting spaces in Hothorpe Hall, 22 en-suite bedrooms, a luxury treehouse and a venue in The Woodlands and dining and bar facilities in both venues. The venues are set in 12 acres of gardens and woodlands which provide outdoor games facilities, a children’s play area and a serene environment for a variety of events.
Christian Guild is a premier UK Christian holiday and hotel company and is the trading name of Methodist Guild Holidays Limited, which has developed into a multi-denominational holiday organisation for Christians of all ages. The acquisition of Hothorpe Hall & The Woodlands extends Christian Guild’s portfolio of venues across the UK which includes the Willersley Castle Hotel in Cromford, Derbyshire, Sidholme Hotel in Sidmouth, Devon and Treloyhan Manor Hotel in St Ives, Cornwall.
John Moffoot, Chairman of Christian Guild, said:
“We are grateful for the confidence shown in Christian Guild and Hothorpe Hall by Allied Irish Bank (GB). This is an exciting new venture and we are delighted to add Hothorpe to our portfolio, as it provides us with a wider market in conferences and weddings alongside our more traditional holiday venues.”
Dale Cowdell, Relationship Manager at Allied Irish Bank (GB) in Nottingham, said:
“Hospitality is a vital growth sector for both the regional and national economy and a key focus for the bank. We are delighted to support Christian Guild with this strategically important acquisition, which has a natural synergy with the Group’s Christian ethos, extends its geographical reach and allows Christian Guild to leverage Hothorpe Hall’s experience and excellent reputation in the wedding and conference sectors.”
Advisors on the transaction were:
Allied Irish Bank (GB) provided acquisition finance
Legal advisors to the bank were Fraser & Brown
Legal advisors to Christian Guild were Shakespeare Martineau
Mazars carried out financial due diligence.
*The AIB logo, Allied Irish Bank (GB) and Allied Irish Bank (GB) Savings Direct are trademarks used under licence by AIB Group (UK) p.l.c. incorporated in Northern Ireland. Registered Office: 92 Ann Street, Belfast BT1 3HH. Registered Number NI018800. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
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