Co-owner of the Cottage in the Wood hotel, Nick Davies, has secured £2.1m from the Cumberland Building Society enabling the complete refurbishment of the entire hotel by 2020, two years ahead of schedule.
After purchasing The Cottage in the Wood in 2015, Nick and his wife Julia began Phase I of the three phase refurbishment of the hotel. A redesigned 1919 Restaurant and Bar and renovated public spaces in the Main House were launched in April 2017.
Phase II of the work has been completed this week with the refurbishment of all seven bedrooms in the Main House and the redesign of Beech Cottage with four bedrooms.
Brokered by Christies, the funds from the Cumberland Building Society will help “fulfil the owners’ ambition” to refurbish the remaining 19 bedrooms in the Coach House, build an orangery to extend the bar capacity and convert two meeting rooms into a family suite in 2020.
Bob Bishopp, head of commercial lending at The Cumberland, said: “Here at The Cumberland we’ve been supporting accomplished hoteliers for over 25 years. Nick and Julia have an ambitious plan to transform their hotel and we are delighted to be involved in helping them to deliver that plan over the course of the next 12/15 months and beyond”.
Davies, added: “The deal with Cumberland Building Society is very exciting for The Cottage In The Wood. We can develop the hotel into the great community space it should be for guests near and far to enjoy. It is testimony to the dedication of the staff that has enabled this to happen. All of us are very excited to be taking the hotel to the next level and completing our vision.”