Cairn Group launches acquisition drive following £101m refinance deal
Luxury hotel and bar operator Cairn Group has announced it is to launch a ‘major acquisition' drive after it successfully refinanced £101m with the help of HSBC.
The privately-owned business will use £50m of the total pot for acquisitions and developments in a bid to strengthen its portfolio, which already includes 26 hotels and more than 30 bars and restaurants as well as care homes across the UK.
The announcements follows the latest acquisitions of the Ramada Glasgow Airport hotel in November last year and the 17th Century Buckinghamshire country house Stoke Place hotel.
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