Finance

Bank lending to SMEs is falling despite government efforts to encourage better funding

Government scheme fails to boost SME lending

By Carina Perkins

Business groups have called for government action after a new report showed lending to small and medium-sized firms (SME’s) such as restaurants, hotels and bars continued to fall in the second quarter of the year.

Eric Partaker (left) with business partner Dan Houghton

Viewpoint

Eric Partaker on Chilango and spearheading a new funding route for SMEs

By Melodie Michel

Eric Partaker is the co-founder of Chilango, the Mexican chain that has raised £1.8m via a mini-bond hosted on crowdfunding platform Crowdcube. He talks to BigHospitality about the success of this initiative and why crowdfunding is a great alternative...

Chilango has extended the deadline for its Burrito Bond

Chilango extends Burrito Bond deadline

By Mark Wingett and Melodie Michel

Chilango, the Mexican restaurant group, has extended its burrito bond fundraising initiative to midnight 26 August after it raised over £250k last week.

Rosa's is set to open 10 new sites by 2017

Rosa’s secures expansion fund and new sites

By Mark Wingett

Rosa’s, the London-based Thai café concept led by Alex Moore, has secured £500k of new funding and two new sites in Chelsea and Angel as it looks to grow from four to 10 London restaurants by the end of 2017, BigHospitality's sister publication M&C...

Bidroom aims to raise €320,000 through crowdfunding

Free booking platform Bidroom crowdfunding for expansion

By Melodie Michel

Bidroom, a no-fee website that allows hotels to bid for customers’ business without going through an online travel agent (OTA), has launched a crowdfunding campaign to take its concept to the next level.

Macdonald posted operating profits of £14.9m in 2013

Macdonald Hotels operating profits up 7%

By Melodie Michel

The hotel group has announced operating profits of £14.9m for the year ended March 2013, an increase of 7 per cent over the previous year.

Charterhouse Leisure has reported a 13.2% rise in company EBITDA to £727,000

Charterhouse targets expansion as FY EBITDA grows 13.2%

By John Harrington

Charterhouse Leisure, operator of the Coal Grill & Bar brand, has reported a 13.2% rise in company EBITDA to £727,000 for the year to the end of February and said it plans to grow from six to about 24 sites over the next three years.

The increase in sales volume has been driven by more readily available debt financing from both traditional and new sources of debt

Hotel transaction volumes reaching pre-recession levels

By Luke Nicholls

With three-quarters of the year now complete, the European hotel industry is still on track to record the highest level of transactional activity since 2007 – is this a sign that buyer confidence has returned? 

The arrival of STK followed the success of Heliot Restaurant, Lounge & Bar at the Hippodrome Casino

ONE Group plans STK UK expansion

By Mark Wingett

The ONE Group, owners of international restaurant group STK, has announced plans to further expand the premium steakhouse brand within major cities across the UK after attracting $44.3m (£27.3m) of new investment.