Cash help for acquisition
A couple have purchased their own bed and breakfast, fulfilling a life-long dream.
Kevin Twiss and Wendy Gee have purchased the Lancasteria Hotel and renamed it the Lumada Hotel with funding support from NatWest.
The pair have spent 15 years working in the hospitality industry.
Situated on Albert Road, Blackpool, the hotel has 14 rooms with en-suite bathrooms, flat-screen TVs, and tea and coffee making facilities. There is also a family room with the option of adding bunk beds as well as a guest lounge with a pool table and free WiFi in public areas.
Kevin said: “It’s always been a dream of ours to own a bed and breakfast of our own after working in the family hotel for 15 years. We now have the ability to run the business in our own way and develop new ideas. The Lumada Hotel is a fantastic red-brick hotel in the heart of Blackpool with easy access to local amenities.”
“When the time came to obtain funding for the purchase of the hotel, Kevin and Wendy turned to broker John Norris from the Mortgage Shop for support. John helped them save for their deposit and develop a business plan. He also introduced them to NatWest Relationship Manager Phil Saunders who helped them obtain a loan for the purchase.
Wendy said: “Phil and NatWest have been very good to work with, supporting us the entire way. It’s important to have a bank which believes in what you are doing when you are starting a business and that’s what we have with NatWest.”
Phil said: “I was delighted to support Kevin and Wendy with their new hotel which has seen them fulfil a life-long dream of owning their business.
“We wish the business every success for the future.”