Major redevelopment project will create up to 60 new jobs for the local economy with the support of a multi-million pound finance facility from HSBC.
The Carbis Bay Hotel & Estate in Cornwall is to complete a long-planned £15 million redevelopment after securing funding from HSBC.
The 125-acre Estate, which is already home to the luxury Carbis Bay Hotel, a range of self-catering properties, a privately-owned 25-acre Blue Flag beach, two restaurants and spa facilities, will is adding eight luxury beach lodges and a 15,185 sq ft multi-use venue, creating up to 60 new jobs for the local economy in the process.
The two and three storey beach lodges with rooftop or beach gardens and hot tubs are expected to be ready for guests in July 2018, followed by completion of the ocean suites, an extensive events venue and dining and retail facilities towards the end of the year.
The hotel says its new venue will enhance the Estate’s current offer and promote it as a ‘must-see’ destination stop for tourists to the region.
Additionally, it will be possible to hold larger corporate and society events and weddings with a capacity of up to 200 guests.
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 multi-use venue, in turn helping reduce energy costs and its overall impact on the environment.
Eight Years In The Making
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.”
James Jordan, HSBC’s Area Director for Devon, Cornwall and Somerset, added: “HSBC has a long history of supporting businesses in the leisure and hospitality industry, not just here in the South West but right across the UK. Carbis Bay Hotel & Estate is an outstanding example of an ambitious and forward-thinking business which we are proud to have supported over the years. As Stephen says, his funding requirements have been complex at times, but our team has been able to get under the skin of the business and showcase the experience we have in the sector. We look forward to seeing the project when it’s complete and supporting the business with future ventures… although we suspect it may be some time before they embark on something of this magnitude again!”
