Z Hotels has announced plans to expand its existing property in London’s Piccadilly district.
The ‘compact luxury’ hotel group has secured a £15 millon loan from OakNorth Bank, which will be used to refinance an existing loan and support Z Hotels’ future growth ambitions.
This will include the addition of 20 rooms at its Piccadilly location, taking the total room count to 132. The hotel will also benefit from a new ground floor cafe concept, as well as work being carried out to develop new lift facilities.
Z Hotels was founded by Bev King, former COO of Thistle Hotels, with the first property opening in Soho in 2011.
The group now has 14 sites operational – 11 in London and one each in Liverpool, Bath and Glasgow.
Business Traveller has reviewed several Z Hotels properties over the years – see the links below:
- Hotel review: Z Hotel Covent Garden
- Hotel review: Z Hotel Tottenham Court Road
- Hotel review: Z City London hotel
- Hotel review: Z Shoreditch Hotel
- Hotel review: The Z Victoria hotel
Commenting on the news Bev King, CEO at Z Hotels, said:
“Since our launch 12 years ago, the focus of our brand has continued to be very simple – offer consumers a chain of hotels that are positioned in central locations, with reasonable room rates, that come with modern and stylish designs and high-quality features throughout.
“OakNorth has now supported us on multiple transactions, and we see them as our trusted funding partner that has worked closely with us through the challenging times of both the pandemic and the current cost-of-living crisis.
“With this latest facility from OakNorth, we are moving to work closer with its team and look forward to further growing the Z Hotels brand across the UK, whilst also expanding our site at Piccadilly.”
For our comprehensive round-up of new and upcoming hotels in London, see:
