Brownsover Hall Hotel is to undergo renovation and restoration works following its acquisition by new owners, helped by a £1million financial package from Lloyds Bank Commercial Banking.
The funding has enabled hotel property firm, Buckleberry Hotels Limited, to acquire the Old Brownsover property, and work on restoring the Grade II listed Victorian Gothic mansion to its former glory.
The hotel’s management team is also preparing to seek planning permission to expand the property, helping to increase its capacity and ultimately add to its 62-strong team of employees, creating local jobs.
The investment in the Brownsover Hall Hotel comes as Buckleberry Hotels Limited looks to increase its presence across the Midlands, with plans in place to acquire more properties and enlarge its portfolio.
Nestled within seven acres of woodland and garden, the 47-bedroom Brownsover Hall Hotel is well regarded for its dramatic interior and unique charm, making ita popular choice for weddings and getaways, as well as meetings and conferences.
Pradeepto Biswas, director at Buckleberry Hotels Limited, said: “Brownsover Hall Hotel is a stunning building in a great location, and we’re excited about the opportunities open to us following the acquisition of the property.
“Lloyds Bank’s support has been invaluable in aiding our purchase of the hotel, which is enabling us to undertake work to restore the building to its former glory, and ultimately pave the way for us to grow the business in the future.”
Martin Crossley, relationship manager at Lloyds Bank Commercial Banking, said: “This hotel is a much loved landmark in Rugby and the surrounding area, and Buckleberry Hotels Limited has developed an impressive growth plan which revolves around the preservation of this historically significant location.”