MTM Hospitality, a hotel firm run by Philip Carr and Philippa Pedley, has acquired a hotel in Argyll and Bute after securing funding from RBS.
The three-bedroom boutique Kilchrenan Inn has been taken over by the experienced duo with the help of a five-figure investment boost from Royal Bank of Scotland, as the new owners now look to grow the business.
Once an 18th century trading post, the Inn – which is a short drive to the resort town of Oban – was recently extensively refurbished.
The funding package, which was secured by Alan McNair, relationship manager at Royal Bank of Scotland, has not only allowed MTM Hospitality to acquire the business, but will also assist with financing start-up, lease and stock costs.
Philip Carr, director and owner-operator at the Kilchrenan Inn, said: “We were looking to move to the area of Argyll & Bute and found the Kilchrenan Inn to be an ideal business venture for us.
“We have exciting growth plans for the business, including the creation of new jobs for the Argyll & Bute area, and look forward to the future of the Kilchrenan Inn, all of which has been made possible via the fantastic support we’ve received from Royal Bank of Scotland.”
Philip and Philippa have previously helped run the The Feathers Inn Cookery School near Stocksfield in Northumberland.