The Duck Bay Marina in Loch Lomond, part of Cawley Hotels & Restaurants, has completed the first stage of its major refurbishment after signing a new funding deal with Barclays.
The property near Balloch has unveiled its new-look restaurant, coffee shop and bar, becoming the first business in the UK to benefit from Barclays Corporate Banking ENABLE Guarantee cashback scheme which was launched at the start of the year.
The offering provides businesses with 0.25% cashback on new term loans.
Duck Bay is owned by the Cawley family. Husband and wife Bobby and Margaret founded the business in 1985 and have built up a steady reputation since.
The site is now run by the duo’s children, Alan and Margo and is the flagship location for the hotel group.
In addition to Duck Bay, Cawley Hotels & Restaurants has expanded operations to include a coffee shop and gift shop, the House of Darrach, in Gartocharn and four licenced restaurants across central Scotland.
This includes Loch House in Lochwinnoch and Coast in Inverclyde, whilst acquisitions extended the group’s portfolio to include Boardwalk in Falkirk in 2018 and River House in Stirling, which opened in October last year.
Commenting on the deal, Alan Cawley, managing director of Cawley Hotels & Restaurants said: “We chose to bank with Barclays for a mixture of reasons, the first being the strong local connection the team offered, and secondly, the bank’s excellent track record in the hospitality and leisure sector. This expertise made the decision to invest in phase one of the refurbishment of Duck Bay an easy one.
“Later this year we’ll roll out further refurbishment to our hotel rooms. It’s an exciting time for the business and it is great to have the support of Barclays as our financial partner.”
Gordon McKean, Relationship Director, Barclays Corporate Banking in Scotland and Alistair Stewart, Associate Director, Business Development, led the deal team for Barclays.