Funding injection sees new boutique guesthouse open its doors

Dan McLennan and Ruth Kirby 2

A new boutique guesthouse has opened its doors in Conway, following a funding boost from NatWest.

The Chapel has launched after owners Stange & Co secured a £550k package from the bank to support an 18-month renovation project to transform the Grade-II listed building into an 11-bedroom guesthouse with communal kitchen and lounge area.

The Chapel, which has been derelict since the 1970s, will be operated from The Erskine Arms opposite and five new employees have been brought in to run the operation.

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Stange & Co runs nine other pubs across North Wales and the Wirral.

It has owned the listed chapel for over 30 years but decided to turn it into a guesthouse following the success of The Erskine Arms.

The traditional Georgian coaching inn underwent extensive renovations in 2016 and 2017, helping it grow from a business with four employees in 2015 to 40 employees by 2019 with a significant turnover increase.

The inn currently has 10 boutique bedrooms situated above the pub and a bar and restaurant area, serving locally-sourced food and a selection of local beers, wines and gins.

Dan McLennan, managing director of Stange & Co, said: “North Wales is going through a bit of a renaissance at the moment.

“We’ve owned The Chapel for a number of years and after seeing the amazing growth at The Erskine Arms, it made perfect sense for us to transform the site into a luxury guesthouse. With the support from NatWest, we were able to open just before Christmas.”

Tags : financefundingoperatorsownersWales
Zoe Monk

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