Crieff Hydro, a family-run Scottish hotel group, has secured a £5m CBILS overdraft from Santander UK to help the business through the challenges facing the hospitality and leisure sector during the pandemic.
The company, which was founded in 1868, owns and operates seven hotels across Scotland. The hotels are in rural locations and offer a range of accommodation and outdoor activities, including self-catering options.
The group said the £5m CBILS support package helped to support Crieff Hydro through the challenges of lockdown and a sharp drop in income when the hotels closed their doors over three months ago.
Crieff Hydro Family of Hotels includes Crieff Hydro, Peebles Hydro, Murraypark Hotel in Crieff, The Park Hotel in Peebles, The Isles of Glencoe, Ballachulish Hotel and Kingshouse Hotel also in Glencoe.
Stephen Leckie, CEO Of Crieff Hydro, said: “Our relationship with Santander has always gone beyond banking. Our relationship director, Kirsty Johnson, combined her knowledge of our business with the workings of the bank and the new CBILS scheme to support us when we needed it most. Now we can focus on reopening and we can’t wait to welcome our guests back.”