Falmouth dream hotel becomes real with NatWest help


Falmouth dream hotel becomes real with NatWest help

Owners of The Lerryn Hotel, Andy and Lynne Housman, have relocated from Stafford to Falmouth to realise their dream of owning and running a boutique hotel.

NatWest have enabled the husband and wife team to purchase the hotel through the support of a £400,000 loan.

Andy and Lynne were both born and bred in Stafford and have always enjoyed holidaying on the Cornish coast.  Over recent years they were attracted to Falmouth and had ambitions to one day purchase, own and run a hotel overlooking the Gyllyngvase beach. Andy was made redundant from his previous position as facilities manager for a conference hotel in Stafford which assisted the duo to realise their dream.  The hotel is currently under an extensive refurbishment programme with a view to completing in 2014 as a boutique hotel and in the meantime is operating as usual to cater for the busy season ahead. With three staff already employed, Andy and Lynne will look to employ local staff to cover the main holiday season – these positions will include catering, waitressing and housekeeping.  Their son, who has also relocated to Cornwall with his family will eventually take on the position as General Manager to keep the hotel very much a family run business.

The Housman’s approached NatWest to initially discuss their ambitious plans, which led to Elizabeth Stansfield, relationship manager at NatWest, supporting them with a £400,000 finance package to purchase the hotel.  The refurbishment programme will be fully funded by the Housmans and will coincide with a re-branding exercise they have planned within the next 12 months.

"We are so excited about our new venture and relocation to a beautiful part of the Cornish coast. We have always been drawn to this area and to own a hotel really brings to life what we have dreamed about for a few years now. We are refurbishing each room individually to create an upmarket feel, which hopefully will attract clientele that are looking for a bit of luxury. So far bookings for the summer season are looking very positive and we hope this continues as the refurbishment gets underway. Elizabeth at NatWest has been instrumental in allowing our dream to become a reality in a way which has made what could have been a challenging transaction into an absolute pleasure, for this we are extremely grateful."

Andy and Lynne Housman, owners of The Lerryn Hotel

"I have really enjoyed getting to know Andy and Lynne and do not doubt their enthusiasm to run a hotel successfully and their commitment to the Falmouth area. I wish them well as they undergo an extensive refurbishment programme and transferring their skill set to the leisure industry."

Elizabeth Stansfield, relationship manager at NatWest

Tagged

NatWest

Latest news

Women and millennials help drive £17bn+ franchise sector to record levels

New research from NatWest and the British Franchise Association (bfa) highlights changes and profitability in the sector.

Winners announced for Skills & Opportunities Fund

52 winning organisations have been announced for round two of the 2018 Skills & Opportunities Fund.

RBS Multicultural Network meets Eric Holder, 82nd US Attorney General

Simon McNamara, RBS Chief Administrative Officer and Executive Sponsor of the RBS Multicultural Network, recently hosted an event in discussion with Eric Holder, the first black US Attorney General. They discussed career, ethnicity, diversity and even a little bit of politics. At the event, Eric Holder shared his wisdom and experience with attendees from the RBS Executive committee and RBS Multicultural Network. Simon McNamara blogs about his experience meeting Eric, a BAME role model, and why diversity is so important to RBS.

Set Tab for lightbox