Chestnut Group secures £20m financing to fund expansion
💸 Chestnut Group secured £20m from Metro Bank for expansion, acquiring Titchwell Manor Hotel in Norfolk and allowing for future acquisitions. The finance includes a £10m revolving credit line and a £10m commercial loan, bringing Metro Bank's total support to £50m. The group operates 26 pubs and hotels in the East of England. The expansion aids the local economy and job creation. Charley O’Toole was appointed as Chestnut's new chief of staff to lead organizational design and strategic goals.
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