A Honiton-based boutique hotel is marking its 50th anniversary by creating 20 new jobs and building an orangery on its 80 acre site into a new wedding venue.
Deer Park was converted into a hotel in 1966 and now consists of 33 bedrooms, a walled garden, thatched tree house and restaurant.
Now a new orangery has been built on the estate as an extension to the Georgian mansion, thanks to the support of an £875k finance package from Lloyds Bank Commercial Banking.
The new space can cater for up to 350 guests and as a result, Deer Park expects weddings at the site to double and turnover at the company to increase by 20% before the end of 2016.
Mark Godfrey, managing director at Deer Park Hotel, said: “The redevelopment of the orangery is part of wider plans to increase the services that we can provide for weddings, and corporate events.
Martin Potts, relationship manager for Lloyds Bank Commercial Banking, said: “It was obvious that the redevelopment was essential to the sustained growth of the business, and we worked closely with the team to ensure they had the tailored support needed to complete the project to the highest possible standard.
“We are dedicated to helping companies capitalise on expansion opportunities, and have increased our lending to small and medium sized businesses by 26 per cent since 2011, while the market has contracted by 13 per cent.”