In 2021 Vialex provided commercial property assistance to client Highland Coast Hotels in their acquisition of 4 hotels around the route of the North Coast 500, and we are delighted to have advised them on this latest phase of their journey, in securing a £4.5m loan from Scottish National Investment Bank.
The SNIB funding will be used to upgrade the hotels and provide support to tourism and employment opportunities in the local area including directly with Highland Coast Hotels, and through local supply chain investment. The investment is also expected to lead to the development of a new Hospitality Foundation Course at the University of Highlands & Islands and the establishment of a Modern Apprenticeship Scheme.
The Vialex team was led by Katie Corrigan, Head of Real Estate and Morag Waller, Senior Legal Adviser, Transaction Services, with assistance from Alex Spence, Trainee Solicitor and Coral Wesley, Paralegal.
The funding news was covered widely in the business press including Daily Business