Santander agrees to Seamill Hydro resort £3-million refinancing

LONDON | Ayrshire hotel and resort Seamill Hydro in Scotland will on Thursday be unveiling its new hospitality services after having secured capital support from Santander Corporate Banking. The refurbishment of the restaurant is part of the hotel's wider regeneration programme, backed by a new £3 million refinancing agreement with Santander Corporate Banking.

The hotel has been owned and operated as a partnership by two generations of the Sweeney family since 1985. The family has drawn plans to update the business,

“transforming it from a neglected 40-bedroom hotel into a bustling 94-bedroom resort attracting

a wide demographic of guests from both the UK and abroad,” the company said in a press release.

The new finance will allow Seamill Hydro to keep its extensive rebuilding programme, providing working capital to continue with further improvements.

Sylvester Sweeney, co-owner of Seamill Hydro, said the proprietors want to safeguard it for the future generations.

“We realise there is much more that can to be done. Working with Santander has been a very positive experience for us and we hope to continue our working relationship with them in the future.”

Santander Corporate and Commercial Banking provides banking support to businesses with a turnover of more than £250,000 through the bank's 24 regional corporate banking centres located across the UK.


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