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Oakdene Group to redevelop Montcalm Hotel
By Caroline Wilkinson
The Montcalm Hotel Nikko London will be redeveloped thanks to a £30m funding package provided by the Royal Bank of Scotland.
It is understood that Oakdene Group, a subsidiary of Montcalm Holdings, plan to upgrade the 120-bedroom Grade II-listed hotel to a 135-bedroom boutique property. The renovation will also include an atrium, spa, gym, restaurant and bar. The finance package includes the funds for the initial purchase of the hotel and a capital expenditure facility to support the refurbishment.
The new hotel is expected to open in late 2009 and Nikko Hotels International will continue to operate the hotel.
The Montcalm Hotel Nikko London will be redeveloped thanks to a £30m funding package provided by the Royal Bank of Scotland.
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