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