Royal Yacht Britannia Trust has secured funding support from Santander from its £5m transformation of the former lighthouse ship, Fingal, into a luxury floating boutique hotel and events venue.
The Edinburgh-based registered charity, behind one of the UK’s most successful tourist attractions, has gained financial support from Santander Corporate & Commercial for the development, which will cost a total of £5m to carry out.
The project is being funded by The Royal Yacht Britannia’s trading company, Royal Yacht Enterprises.
Bob Downie, chief executive, The Royal Yacht Britannia Trust, said: “Developing our own hotel has been a long-held ambition, providing organic growth and, whilst generating an income stream that is not reliant on visitors to Britannia, having our own accommodation on Fingal is also expected to help increase the number of evening events we hold on The Royal Yacht. We are delighted to be working with Santander Corporate & Commercial who have been very supportive since day one.”
Kirsty Johnston, relationship director at Santander Corporate & Commercial, said: “Britannia is one of the most famous ships in the world, and we are absolutely delighted to be working with such a prestigious client. The team at the Trust is passionate about the customer experience, Britannia herself and the esteem in which she is held both by the Royal Family and the general public who come from all over the world to visit her. They have brought that same passion to Fingal and that manifests itself in the attention to detail and the design of the project.”
Fingal is a former Northern Lighthouse Board ship which will be transformed by Royal Yacht Britannia’s trading company, Royal Yacht Enterprises into a 23-bedroom luxury hotel.
The new hospitality offering will be permanently berthed in Edinburgh’s waterfront spot of Leith and will comprise 23 cabins, each named after Stevenson lighthouses, inspired by her maritime heritage.
Guests can choose from a cabin with private deck, a duplex cabin with living space of the Skerryvore Suite with outdoor space.