Congratulations to the Griffin Hotel Group for winning a Finance Dublin Deals of the Year Award 2017 for Loans and Financing, SME Sector.
Crowe Horwath was delighted to be involved in helping the family-owned Griffin Hotel Group secure a refinancing of their legacy debt. The group, which consists of three hotels in the South East of Ireland – the Monart Destination Spa, the Ferrycarraig Hotel and the Hotel Kilkenny, now embark on a more stable future with the opportunity for future growth.
Crowe Horwath assisted AIB Corporate Banking by providing independent business reviews for all three hotels to help determine the debt servicing levels. As Ireland’s leading independent advisors to the hotel, tourism and leisure sector, Crowe Horwath’s specialist team were able to provide an unrivalled insight to this project. The Group now have a long-term funding partner in AIB who are committed to the hospitality sector. The debt package includes flexibility for annual capital reinvestment which will support future growth ambitions.