Luxury, boutique hotel, No.17 The Promenade, has reopened under its new owner, unveiling a grand renovation, following a six-figure investment from The Cumberland Building Society.
Located in the seaside town of Oban in the West Highlands of Scotland, the 19-bedroom, ocean-facing boutique hotel, previously named The Wellpark Hotel, has undergone a multi-million-pound renovation.
The refurb project was instructed by the hotel’s new owner, renowned entrepreneur, Paul Sloan, who has worked in the hospitality industry for over 35 years.
The renovation involved stripping the building back to the stone to install improved plumbing and air conditioning systems, as well as temperature controlling technology throughout the hotel.
It also involved an interior makeover across the entire property with a bespoke new look for each room, complete with new soft furnishings to create a relaxing space and environment for the guests.
Some of the features of the original hotel have been maintained including a 16th Century Jacobean ceiling which adorns one of the living areas. Guests can relax in the hotel’s salon on deep sofas next to the fireplace, or in the warmer months enjoy ocean views and spectacular sunsets on the sun terrace.
Set on the shorefront esplanade, the hotel has employed a hand-selected team dedicated to offering guests exquisite food and fantastic customer service.
Each of the 19 guest rooms have their own enchanting design, all offering either breath-taking sea views, woodland outlooks or outdoor terraces.
Well-known in the hospitality industry, Paul also owns top-quality restaurant brands across Glasgow, Edinburgh, and Oban. In addition to the No.17 project, The Cumberland also assisted Paul in the refinance of Oban-based, No.26 by the Sea, whilst also supporting funding for the acquisition of staffing accommodation at the site.
On the No.17 project, Paul Sloan, said: “It was important for me to find the right lender that could support this type of project Since the beginning of working with The Cumberland, the level of attention to detail has been exceptional.
“I’ve worked in the industry for many years and have often found conventional banks difficult to efficiently progress projects with. Working with the team at The Cumberland has been one of the easiest processes I have experienced in decades, and I am really pleased to have finally opened the doors at No.17 to show off the fresh look.”
The support provided by The Cumberland equated to 60% of the entire project, which contributed to both the acquisition of the property and the redevelopment.
Grant Seaton, Senior Commercial Manager at The Cumberland commented: “We’ve really enjoyed being a part of Paul’s latest hospitality venture and look forward to seeing No.17 The Promenade becoming a real success in Oban and Scotland.
“We have a great team at The Cumberland, and hospitality businesses can be assured by our high level of expertise, our fully relationship managed package, and award-winning service.”
The Cumberland has recently launched a new brand purpose, which commits to delivering a banking experience to support three pillars: people, the planet, and communities. This will support financial initiatives as well as supporting inclusivity, future generation development, and industry-leading banking experiences.
About The Cumberland Building Society
Based in Carlisle, and established in 1850, The Cumberland is the UK’s 10th largest building society, serving 160,000 customers through its digital channels, Carlisle-based call centre and network of 34 branches.
The Cumberland was one of the first lenders to offer a specialist holiday let mortgage product and have been lending to hospitality business owners across the UK for over 20 years.
Their head office is based in Carlisle, however, the Commercial team is well placed to cover the whole of the UK, providing hospitality lending to mainland UK, and some islands via a fully relationship managed service.
The Cumberland offers a range of hospitality lending solutions, specialising in hotels, guest houses, B&Bs, and holiday lets (including Airbnb).
Find out more: https://www.cumberland.co.uk/business