Metro Bank provides £79m funding to Z Hotels
Metro Bank has agreed a refinancing facility with boutique hotel group Z Hotels, further strengthening the bank’s continued commitment to supporting the UK’s hospitality and leisure industry. The refinancing supports cashflow release for Z Hotels to invest in the continued growth of its portfolio.
Founded in 2011, Z Hotels is a micro-luxury hotel group known for providing stylish and compact accommodation in prime city-centre locations across the UK, with sites in cities such as London, Liverpool, Glasgow and Bath. The deal was delivered by Metro Bank’s team of specialist hotel sector relationship managers, who support clients across the UK, following an introduction from Beckford Advisory.
Nick Kalamaras, head of Corporate Lending for Hospitality and Leisure at Metro Bank said:“We’ve supported Z Hotels’ ambitions to grow its portfolio and create more jobs. The hospitality sector continues to be a vital part of the UK economy, and Metro Bank has a specialist team dedicated to understanding the opportunities and challenges faced by operators, supported by our relationship banking service.”
Bev King, CEO and founder of Z Hotels said: “We are pleased to be working with Metro Bank on this refinancing. Their sector expertise and long‑term support will help us continue investing in our portfolio and delivering high‑quality experiences for our guests across the UK.”