A hotel in Cambridge is bidding to increase turnover by 50% after securing a funding package of almost £800k to drive expansion.
The Pike and Eel Hotel has used the £740k boost from Lloyds Bank to revamp its bedrooms, function suite and gastropub, as well as double the number of covers in its restaurant to grow the business.
Amanda Buttriss, general manager of The Pike and Eel, said: “This is an exciting new chapter for The Pike and Eel. With a brand new terrace area and our newly renovated rooms, restaurant, and function suite, the hotel is looking great.”
Michael Adams, relationship director at Lloyds Bank Commercial Banking, added: “At Lloyds Bank we are committed to helping Britain prosper. Supporting an ambitious business like The Pike and Eel Hotel is just one example of how we’re fulfilling this promise.
“The hotel is situated in a striking location making it truly unique. The hard work that has gone into the refurbishment has transformed the space and brought the hotel into the 21st century.”