The Retreat at Elcot Park in west Berkshire will open in spring 2022 following a refurbishment. It follows a £9.4m lending package from OakNorth Bank.
Set in 16 acres of Berkshire parkland, the Grade II listed 18th-century building will be refurbished to comprise 55 bedrooms, nine apartments, a large brasserie, a pan-Asian restaurant and health club.
“We are delighted to announce the second hotel from The Signet Collection coming next Spring. As with The Mitre Hampton Court, we look forward to unveiling a property which will be enjoyed in the context of its historical significance, both preserving and restoring authenticity coupled with offering a vast array of activities on site to keep our guests entertained,”says Hector Ross, co-founder of The Signet Collection.
“OakNorth Bank were easily the standout out lender of choice for this transaction, given their in-depth knowledge of the UK hotel industry, our strong on-going relationship with them and a speed-of-execution that no other lender can match. We see them as a true partner rather than a bank and we look forward to building on the relationship in the near future.”
The Signet Collection was founded in early 2020 currently operates The Mitre at Hampton Court.