Chewton Glen has seen turnover rise to over £18m in its latest financial results, with profit boosted by the launch of a new treehouse, cookery school and restaurant.
The luxury country house hotel saw turnover increase to £18.1m, up from £16.3m on the previous year, with an operating profit before depreciation of £4.7m, rising from £4.4m in 2017.
Profit for the year ending 31 March 2018 rose to £3.4m, as reported in the five-star hotel’s latest financial results on Companies House.
The report said that turnover growth was aided by the opening of The Kitchen restaurant and cookery school, as well as the completion of the latest Treehouse lodge half way through the year, which added an additional two bedrooms to the hotel’s offering.
Profit margin was squeezed 0.7%, which amounted to £106k, due to increased third party commission costs, utility cost rises and increases to the business rates.
The competitive market and economic conditions were highlighted as continuing principal risks and uncertainties going forward.
Chewton Glen is owned by London & Regional Properties and operated as part of the Iconic Luxury Hotels umbrella, spearheaded by executive director Andrew Stembridge.
Last summer Chewton Glen made a number of key new appointments, welcoming new general manager, Andrew Cook, and new operations director, Adam Dyke.