York hotel given new lease of life with £1.9 million funding

A historic York hotel has been renovated and brought back into use with the support of a £1.9 million loan from Lloyds Bank Commercial Banking.

The former White Swan Hotel on the corner of Piccadilly and Coppergate closed as a hotel in the 1980s and has been derelict since, leading to calls over the years for the building to be brought back into use.

The renovation work is due to be completed at the end of January, with a new Sainsbury’s store occupying part of the ground floor.

The upper storeys are being converted into residential apartments including affordable housing units.

Richard Butterfield, relationship director for Lloyds Bank Commercial Banking, said: “The redevelopment of this iconic building will help to breathe new life into it and the surrounding area, creating new jobs and amenities.

“The White Swan Hotel occupies a prominent position in the centre of the city, and we’ve worked closely with the owners to ensure that the redevelopment was completed in a sensitive and sustainable way, acknowledging the historic character of this part of York.

“Our specialist property banking team understand the unique challenges faced by the sector and can offer support tailored to the needs of our property customers”.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →