Group to complete multimillion-pound hotel and leisure investments
The Loughview Leisure Group is set to complete Northern Ireland hotel and leisure investments worth over £20 million.
The company has invested more than £18 million in the recent acquisition and ongoing extension of Belfast's Ten Square Hotel - including the addition of 55 new bedrooms.
It has also completely refurbished the Chimney Corner hotel in Newtownabbey, including new rooms, a new reception, and an upgraded frontage, plus function rooms, restaurant, and garden facilities. The hotel fully opens this week.
The group has opened one of Northern Ireland's largest children's play centres, World of Wonder, in Carrickfergus in an investment worth over £1 million.
Ulster Bank has funded the business decisions, which are creating more than 40 new jobs to add to the existing 250 jobs currently within the group.
Loughview finance director Christopher Kearney said: "We are very pleased to be completing such significant projects which will enhance our guests' experience and help ensure that the hotels are at the forefront of Northern Ireland's visitor offering.
"Ulster Bank have been extremely supportive of the investments we are making and the expertise of their team has added real value to the projects."
Ulster Bank head of corporate banking Kenton Hilman said the multimillion-pound upgrade to two well-known hotels will significantly enhance visitor experience, add to Northern Ireland's tourism offering, and create valuable new jobs.
He added: "Ulster Bank is very pleased to be working with Loughview Leisure Group to help make the three investments a reality and in doing so add value to the local economy."