Cheltenham-based Cotswold Grange Hotel is embarking on an extensive refurbishment programme of its 20 bedrooms thanks to a £1.25m funding injection from Royal Bank of Scotland.
The husband-and-wife owned boutique is benefiting from the seven-figure package and alongside the bedrooms’ upgrade will also consolidate its existing debt, in a bid to help position the hotel at the forefront of the hospitality sector in Cheltenham.
Nirav and Dhruti Sheth took over ownership of Cotswold Grange in 2007 and with the project nearing completion after six months, the duo has revealed plans to now upgrade the hotel’s bar and restaurant space.
Nirav Sheth, co-owner of the Cotswold Grange Hotel, said: “Since Royal Bank of Scotland has come on board, it’s helped manage our existing debt and at the same time allowed us to make further significant investment in the hotel to really drive the business forward.
“We have owned Cotswold Grange for nine successful years and we felt it was the right time to really set ourselves apart with a fantastic refurbishment. We are very pleased with the finished look and feel confident it will attract new customers that are looking to enjoy spending time in Cheltenham in a distinct period property with all modern comforts.”