Rogue City Hotel Group has secured £21million in funding from alternative asset management company Tikehau Capital to continue construction on two new sites in Glasgow and Cambridge, due to open in 2022.

Housed in a former Tribunal Court building, The Wellington in Glasgow will be sympathetically restored into a 98-room, all-suite boutique hotel complete with meeting spaces, whilst The Hobson in Cambridge will occupy a Grade II listed former police station on St Andrew’s Street and comprise 56 suites centred around an atrium-style restaurant. Both properties will be delivered by Henley Construct, under Henley Homes Group.

“It has been a pleasure working with Tikehau Capital on this transaction over a seven-week closing process, which shows confidence in our concept in one of the most challenging times for the industry,” says Nassar Khalil, founder and CEO of Rogue City Hotel Group, and Leisure & Hotel Director of Henley Homes Group.

Jean Odendall, Fund Manager, Tikehau Special Opportunities, comments: “We are very happy to have partnered with Rogue City Hotel Group to help them develop the project. This transaction is illustrative of our opportunistic and innovative strategy, leveraging our alternative investment platform to provide flexible capital during a uniquely challenging period of time, and supporting projects and teams we believe in.”

Rogue City Hotels Group, which also owns and operates Dunalastair Hotel Suites in the Scottish Highlands, has plans to expand further over the next five years, with another development lined up in Perth, Scotland.