An ambitious 28-year-old is getting rave reviews for her new boutique hotel, after transforming her home to accommodate the new venture.
Tabitha Amador-Christie got planning permission in June 2016 to turn her derelict family manor house into a nine-bedroom boutique hotel and fine dining restaurant, and thanks to local lending company FOLK2FOLK, her dream became a reality when Paschoe House opened its doors earlier this year.
The idea for the project was first floated when Amador-Christie was just 18 years old, but it wasn’t until 10 years later that the wheels started in motion for the project.
Leaning on her friends for help with the building plans, CADS and business plans, she saved thousands in professional fees and then gained official planning permission from the council last year.
The challenge came when trying to secure funding for the project, after the banks turned her down and refusing an offer from Barclays who wanted a deposit of 20% based on the loan amount.
Amador-Christie went to FOLK2FOLK, a company dedicated to helping business owners get the finance required to start-up, refurbish or renovate, and had success.
“In mid-September 2016, I went into FOLK2FOLK’s Launceston branch armed with my plans and deeds and had a fantastic meeting discussing the business,” she says. “I was then informed the next day that the loan had been approved by FOLK2FOLK, which really helped bring a sense of calm and reassurance. Within 1-2 weeks the funds were in my account and that same week the builders were on site getting to work.”
FOLK2FOLK and its lenders are more than willing to support local boutique hotels due to the positive economic factors they bring to local communities.
Paschoe House is passionate about everything local from produce to staff and employed a number of local builders for the project as well as local employees to work at the hotel now doors are open.
Amador-Christie adds: “The next the stage is to increase our bookings and private hires but also to become a 5-star hotel. I think that will really help make us stand out as a go-to hotel in the South West.”