Post by Ulster Bank

Ulster Bank is backing the continuing growth of hospitality group Beannchor with a significant finance package relating to its popular Bullitt Hotel brand. The £30m facilities include a refinancing of the Bullitt Hotel in Belfast and funding for the group’s plans in Dublin. These will see a 98-bed, four-star hotel open under the Bullitt brand on Capel Street, a vibrant street in central Dublin, connecting to the River Liffey, Temple Bar and the city’s bustling shopping area on Henry Street. Beannchor is a family-owned business and was founded by chief executive, Bill Wolsey, a leading Northern Ireland hotelier and businessman, who this year marks 50 years in business. Ulster Bank is a leading bank for the hospitality sector in Northern Ireland having supported a range of local hotelier groups in recent years to grow their portfolios by providing acquisition and development finance. Kenton Hilman, Head of Corporate and Property at Ulster Bank said: “Beannchor is one of Northern Ireland’s most innovative and successful hospitality businesses and we are very pleased to support the group with the refinancing of Bullitt Hotel Belfast and finance for the planned Bullitt Hotel in Dublin. This builds on Ulster Bank’s strong reputation in the hospitality sector and supports one of Northern Ireland’s leading hospitality businesses as it continues to expand and grow in its existing market and in an important new market." Read more here:- https://lnkd.in/dFU5UVSE Richard Lusty Andy Tew Richard Lusty James Sinton FCA