New Opening: JMK Group
Date Added:
05/08/2022
Sector:
Hotel
Brand:
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Company:
JMK Group
Type:
Other
Address:
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Address:
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Address:
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Town / City:
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County:
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Postcode:
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Region:
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Additional Information
Date Opening:
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Notes:

OakNorth Bank has completed a £15M loan to JMK Group, a leading family-run hotel business, to fund the freehold buyout of its Seraphine hotels in Kensington and Hammersmith. The capital will also support the upgrading of its Seraphine hotel in Kensington which will include refurbishing the hotel’s 40 existing rooms, turning it into a new 4-star boutique hotel.

JMK’s story began when John Kajani, made a bold decision to move from textiles to the hospitality industry. With a strong work ethic and an eagerness to succeed, he opened a small boutique hotel in Kensington in 2009, unaware it would later grow into an extensive portfolio of hotels, properties and coffee houses known as the ‘JMK Group’.

Zain Kajani, Director of JMK Group, said: “The hospitality market is ever-changing, so as a future-orientated company, we are always looking forward and regularly review our business strategy to ensure we’re staying on top of emerging trends and customer expectations. The freehold buyouts and upgrades to Seraphine Olympia are prime examples of this, so we’re grateful to the OakNorth Bank team for their support in this transaction. We had a funding experience in the past with another bank where we waited six months for them to come back to us with a “no”, so to work with a lender that moves quickly and transparently was a very refreshing experience. We were at Credit Committee about three weeks after we met the team for the first time, which is pretty incredible.”

Hilton Foster, Director of Debt Finance at OakNorth Bank, continued: “JMK is an incredibly strong family business with ambitious plans for the future. The freehold buyout was a sensitive and complex negotiation that required a lender who understands the market and could work with JMK to get the deal done under the right terms. We are excited to continue supporting the Group with its future growth, in particular acquisitions of new assets to build its portfolio.”

Company Information
Company Name:
JMK Group
Address:
Cervantes House
Address:
5-9 Headstone Road
Town:
Harrow
County:
Middlesex
Postcode:
HA1 1PD
Phone:
020 8427 6785
Status:
Active
Website:
Email:
info@jmk-group.co.uk
Notes:
A family run hospitality business with hotels in UK & Ireland. John Kajani made a bold decision to move from textiles to the property industry. With a strong work ethic and an eagerness to succeed, he opened a small boutique hotel in Kensington in 2009,

ID: 51610



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