New multimillion-pound hotels opens in Inverness
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AN executive from Barclays Bank had a chance to see how Inverness’s new five-star hotel has put £4.5 million of funding from the high street lender to good use.
Gordon McKean, relationship director, Barclays Corporate Banking, led the deal and was delighted to join Kingsmills Hotel Group chief executive Tony Story as the 47-bedroom Ness Walk prepared to welcome its first guests.
Mr McKean commented: “We are pleased to again be playing our part in supporting Kingsmills Hotel Group to further expansion. This is a thriving business which has established a good reputation in the region and is boosting that local community through the creation of further jobs.
“Tourism continues to be very strong in Scotland and we are pleased to be supporting hospitality and leisure businesses to capitalise on that and realise their growth ambitions.”
The latest addition to Kingsmills Hotel Group’s portfolio, which will bring 65 new jobs to the city, includes two luxury suites – measuring 90m x 90m – which the owners claim will be the best rooms available in the Highlands. The other 45 rooms have either have a private terrace or direct access to an exclusive courtyard on the riverside site, close to the city centre.
The hotel will also be home to the 80-seater Torrish restaurant and a glass walled private event space available to hire for groups of up to 200.
Long-term banking partner Barclays provided two-thirds of the total project cost of £7 million, continuing a well established relationship which has enabled the Kingsmills Hotel Group to grow. The bank has provided financing for a number of projects in recent years at Mr Story’s four-star Kingsmills Hotel, taking it to 147 rooms and increasing that venue’s conference facilities.
Since 2012, Barclays has provided the business with £20 million of funding and during that time employee numbers at the group have grown from 75 to 185.
Mr Story said: “It is with great pride and excitement that we have opened the doors of Ness Walk and we look forward to welcoming guests who value great service and luxury.
“This venue will continue our commitment to delivering the highest levels of service in the best of surroundings and locations. Our adherence to those values has been instrumental in the success and growth of our business.
“We have worked with Barclays for a number of years now and during that time we have established a strong relationship, which is in large part due to the open-minded approach Barclays has always adopted to supporting our goals.”
