Hand Picked Hotels has revealed in its annual results to November 2015 that the group performed strongly, with turnover increasing by 3.7% to £62.4m, thanks to occupancy and room rate growth.
The portfolio of 20 properties in the UK and Channel Islands, created by former-lawyer-turned-hotelier Julia Hands, saw overall occupancy increase by 1.2% and room revenue per available room improve by 5.6%.
Food and beverage sales grew by 1.9% with a stronger performance in meeting and event revenue. The health club and spa operation grew turnover year-on-year by 5.1%.
Significant investment continued across the portfolio, with £8.9m spent on upgrades throughout the collection, with a focus on leisure facilities, hotel bedrooms and public areas.
A £4m grand restoration of the east wing of Crathorne Hall Hotel in Yarm, North Yorkshire, was relaunched in October 2015.
Julia Hands, chairman and chief executive of Hand Picked Hotels, who created the brand in 2001 from a collection of hotels purchased with her husband, city financier Guy Hands, said: “Despite continuing challenges to the cost base during 2015, Hand Picked Hotels delivered a 0.5% increase in its EBITDA. We have always been immensely proud of the quality of both our product and service and strive to continue to achieve results without compromising our position in the market and, above all else, our customer satisfaction.
“We remain confident that the unique combination of excellent service, fine food and historic country houses that defines our proposition will continue to be attractive to our guests.”