KSL's The Belfry secures £25m financing from Lloyds

Lloyds backed the golf hotel's plans for major refurbishment using a lending facility from the government's Funding for Lending Scheme (FLS), which allows businesses to borrow money at reduced costs.

The Belfry was acquired by KSL in August last year from an affiliate of the Quinn family. The business was said to owe its lenders £100m at the time. KSL reinstated the De Vere Group to run the resort and oversee its refurbishment following the transaction.

Located in Wishaw, on grounds dating back to medieval times, The Belfry consists of a hotel and three golf courses. It is the only ground in the world to have hosted the Ryder Cup four times.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Consumer
• United Kingdom