A Highland hotel has reopened with a grand renovation following a six-figure investment from The Cumberland Building Society.
Located in Oban, No.17 The Promenade is a 19-bedroom, ocean-facing boutique hotel previously named The Wellpark Hotel before being purchased by entrepreneur, Paul Sloan.
The renovation involved stripping the building back to the stone to install improved plumbing and air conditioning systems, as well as temperature controlling technology throughout the hotel.
It also involved an interior makeover across the entire property with a bespoke new look for each room, complete with new soft furnishings to create a relaxing space and environment for the guests.
Some of the features of the original hotel have been maintained including a 16th Century Jacobean ceiling which adorns one of the living areas.
Paul Sloan said, “It was important for me to find the right lender that could support this type of project Since the beginning of working with The Cumberland, the level of attention to detail has been exceptional. I’ve worked in the industry for many years and have often found conventional banks difficult to efficiently progress projects with.
“Working with the team at The Cumberland has been one of the easiest processes have experienced in decades, and I am really pleased to have finally opened the doors at No.17 to show off the fresh look.”
The support provided by The Cumberland equated to 60% of the entire project, which contributed to both the acquisition of the property and the redevelopment.
Grant Seaton, senior commercial manager at The Cumberland, commented, “We’ve really enjoyed being a part of Paul’s latest hospitality venture and look forward to seeing No.17 The Promenade becoming a real success in Oban and Scotland. We have a great team at The Cumberland, and hospitality businesses can be assured by our high level of expertise, our fully relationship managed package, and award-winning service.”
