RCP Finance finalised a debt facility which includes EVH Finance and Banor Capital for the privately-owned developer, which allows the completion of the first hotel at the world-famous racetrack in Northamptonshire that hosts the Formula One British Grand Prix. 

Operated by Hilton Hotels & Resorts, the five-storey hotel will have 197 guest rooms and suites, a rooftop terrace bar suitable for up to 200 guests, and raceday hospitality facilities with views overlooking the start/ finish line and pit lanes. The new hotel and conference centre is expected to attract two million visitors a year.

Before the pandemic, the historic motoring circuit welcomed over a million visitors a year, with projections to double that with non-race day attractions. The new year-round destination will appeal to business travellers, event organisers, weekenders or anyone seeking a unique and memorable place to stay. A footbridge crosses over the circuit linking with the Silverstone Wing Conference Centre, which has space for 3,000 people and 12,500 square metres of events’ space, and will be enhanced with the addition of the hotel on the circuit.

“This is a once in a lifetime opportunity to develop an asset in such an iconic location and brand. This hotel complements and enhances the ambitions of Silverstone circuits,” said Peter Prickett, CEO of Bricks Group.