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A family-run boutique hotel in Rock, Cornwall has secured a six-figure finance facility to support its reopening plans, four months after the pandemic forced it to close its doors.
St Enodoc Hotel has used the funding from HSBC UK to support cash flow during lockdown, allowing it to keep suppliers paid and reopen in line with government guidance.
Following the reopening, the hotel has seen its “highest ever” occupancy levels since the business was acquired by the Barkwell family in January 2019.
The coastal retreat features 21 luxury rooms for guests. Since its reopening, the site has put extra measures in place to ensure guest safety, including hand sanitising stations, a “streamlined” check-in process and enhanced cleaning procedures.
Lucy Strachan, director of St Enodoc Hotel, said: “We’re very grateful to our relationship director at HSBC UK, Steven Crouch in helping us secure this loan which has allowed us to open our doors once again after investing so much into major renovations ahead of what is usually our busiest season.
“It is a very exciting time for the hotel as we welcome well-known Cornish chef, Guy Owen who will be championing our new fine dining offering, KARREK, celebrating the best of Cornwall with all local produce. It is great to see the business back on track after a tough few months.”
James Jordan, head of corporate banking, Devon, Cornwall and Somerset, HSBC UK, said: “The hospitality industry has taken a huge hit during the coronavirus pandemic, so we are very happy to support such a thriving family-run hotel.
“Having seen the demand for British ‘staycations’ rise this year; it has been great to support the St Enodoc Hotel as it prepares to welcome more guests than ever before.”
