ASK lends £24.6m to Ability Group for expansion of Bristol Airport Hilton Hotel

ASK has provided a £24.6m loan facility to Ability Group secured against the Bristol Airport Hampton by Hilton Hotel. The loan will be used to refinance an existing facility and fund an extension of the hotel to create a further 50 bedrooms.

Daniel Austin, CEO and Co-founder at ASK said,

“We were delighted to provide Ability Group with the funding required to expand this successfully operated hotel, managed by a well-known brand, in line with the airport’s growth plans. The proposed build, in keeping with the original construction will extend the hotel without disrupting the hotel’s on-going operations. Bristol Airport is the UK’s 8th largest airport, servicing commuters from the Southwest England and Wales. With the increase in travel and terminal side hotel demand post-Covid, coupled with the Bristol airport expansion plans, we felt this was a strong business proposition that we were happy to underwrite.”
Next/Previous Article