Launch of a new hotel chain

Aim
  • To create and finance a hotel business

Scope
  • Cairneagle was approached by a successful entrepreneur with a novel idea for creating a mid-range hotel chain based on low cost and high comfort for the business traveller
  • A Cairneagle partner acted as CFO for the first 18 months providing operational support prior to launch
  • We developed the business and financial plan, recruited key management personnel, and secured equity and debt funding

Outcome
  • The first hotel, the Hoxton in East London, opened in September 2006
  • Funding was secured for next 3 hotels
  • Cairneagle sold its stake in March 2008