Pallas Capital completes £10 million refinance of The Cotswold’s Dumbleton Hall

Pallas Capital has completed a £10 million refinance of Dumbleton Hall, a 34-bedroom country house hotel in the Cotswolds. The facility will support the hotel through its trading ramp-up, only months after it reopened in April 2026 following an extensive renovation.

Set within 16 acres of grounds, Dumbleton Hall reduced its room count from 38 during the refurbishment to create a series of suites. Every bedroom sits within the main house, and plans are being developed for additional Woodland and Garden Lodges.

Originator Archie Dickinson and senior underwriter Jamie Peacham managed the transaction for Pallas Capital. Their review covered the strength and location of the asset, the borrower’s profile and the professional team around the deal, with enhanced diligence applied throughout.

Westfort Advisors acted as debt advisor to the borrower, with Stevens & Bolton providing legal advice. Pallas Capital was advised by Glovers and Savills provided the valuation, with Pride monitoring the refurbishment tranche.

Comments

Jamie Peacham, senior underwriter at Pallas Capital, said: “Dumbleton Hall Hotel has a long and varied history, having evolved through many chapters over the years.

“As with any property of this character and heritage, the paperwork only tells part of the story. Pallas looked beyond the figures, taking the time to understand both the property and the vision behind its future growth.

“As a result, the facility was structured to support the hotel at this stage of its journey. It is a good example of the range of deals Pallas will back when the people behind them clearly care this much, and we are glad to be part of the team supporting this next phase.”

Paul Vezolles, sponsor, said: “Completing this refinancing is an important milestone for Dumbleton Hall. We’ve built on the hall’s extraordinary heritage to create a place guests absolutely love and want to return to.

“The response since reopening has been exceptional, from guests and from the industry. Pallas has structured the financing to reflect the strength of the business today and support Dumbleton Hall as it builds on that response to grow its reputation and turn that momentum into sustained trading performance.”

Deepak Drubhra, co-founder of Westfort Advisors, said: “Financing a hotel in its first year of trading is always challenging, as lenders have limited track record to underwrite.

“We were able to present a credible and robust business plan, supported by the asset’s early results. Dumbleton Hall has quickly established itself, and Pallas were able to take comfort from early trading performance and the strength of the management and operator.”