Hotel group set for expansion | Scottish Licensed Trade News

Scottish Licensed Trade News

Hotel group set for expansion

THE Shawlands Park Hotel in South Lanarkshire is set to be expanded after its parent company secured a £6 million funding package.

Ayrshire-based RAD Hotel Group, which also owns the Lochside House Hotel & Spa near New Cumnock, the Carlton Hotel in Prestwick and the Royal Hotel in Cumnock, arranged the deal through Christie Finance with Santander Corporate Banking.
The funding package consists of working capital facilities, term loans and a development loan, which will be used to extend and build a new restaurant at the Shawlands Park Hotel.

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