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Major London hotel announces expansion into the north of the UK

Major London hotel announces expansion into the north of the UK

Zedwell Hotels has secured a £25m investment facility to support the expansion of the brand into York, Manchester and Edinburgh.

The hotel and lifestyle concept is currently based solely in London but has now secured a massive amount of funding so that it can grow across the North of the UK.

Omar Aziz, director at parent company Criterion Capital, said: “This £25m equity release is pivotal in accelerating the Zedwell brand’s UK-wide expansion. Working with Nishil Tanna and the Cynergy Bank team has been a pleasure. Thank you also to Vijay Parikh and the Harold Benjamin team for representing us. We are looking forward to turning prime sites in cities across the UK into vibrant and thriving hospitality assets."

There are currently three Zedwell properties in the British capital, with 13 more planned.

Nishil Tanna, relationship director at Cynergy Bank, added: “We are excited to partner with Criterion Capital on this transformative journey. Its vision for Zedwell aligns perfectly with our commitment to supporting growth and we look forward to seeing its continued success as it brings Zedwell to some of the UK’s most iconic locations.”

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