The 125-acre property features two restaurants and spa facilities, and will soon welcome eight beach lodges and a new 15,185 sq ft multi-use venue to the collection – creating up to 60 new jobs for the local economy in the process.
The Carbis Bay Hotel & Estate is also using some of the HSBC funding to install two combined heat and power (CHP) units at the development. The units will recycle waste energy generated at the site and use it to power the existing hotel, the beach lodges and the multi-use venue, in turn helping reduce energy costs and its overall impact on the environment.
Stephen Baker, owner of Carbis Bay Hotel & Estate, said: “Work began on our ambitious redevelopment project in November 2015 but it was 2010 when we first started the planning application process, so this really has been a labour of love for us for almost a decade.
“The scheme has been heavily supported by HSBC and in particular our relationship director, Martin Rowe, who alongside his team, has fully understood the complexity of our finance requirements throughout, which is allowing us to future-proof the hotel and Estate by making better use of the site and improving the wide-ranging facilities for our guests.”