Specialist hospitality lenders The Cumberland Building Society has expanded its B&B portfolio after agreeing a £1m refinancing deal a Grange-over-Sands luxury B&B.
Grange Manor recently reopened after a £750,000 upgrade, seeing upgrades such as hot tubs and private gardens installed in five of the eight rooms.
The redevelopment has been undertaken by owners Red Door Escapes, a new company and offshoot of the South Lakes Hotels group.
The property, which is over 200 years old, is surrounded by woodland and is situated in two-and-a-half acres of gardens.
Research undertaken in the grounds of the property found 53 varieties of birds, leading Margaret Denby, who owns Grange Manor and Red Door Escapes with her husband Jonathan, to name the guest rooms after a few of them.
Margaret said: “Our mantra at Grange Manor is serenity and calm. Because we are located at the end of a quiet lane, disturbance from the outside world is minimal so it all makes for a perfect rural escape.”
Andy Gibson, commercial relationship manager at The Cumberland Building Society, said: “Margaret and Jonathan are incredibly well-respected within the hospitality industry in Cumbria and so we are delighted to be able to support them on their latest venture at Grange Manor.
“The serene environment of the property, along with their commitment to celebrating Cumbria’s beautiful wildlife and incorporating guest feedback to continually enhance its offering aligns perfectly with our values.”
Part of the funding has supported the development of staff accommodation at the site and will see the building of two new garden rooms for use as guest accommodation.
Margaret said: “We have worked with Andy for many years and so I’m pleased to be continuing our working relationship with this latest deal.
“The Cumberland’s people-first approach to banking is something that’s incredibly important to us. Knowing that a designated relationship manager is just at the other end of the phone is somewhat of a rarity these days and so it’s something we really value with The Cumberland.”
