The Belfry has successfully secured a finance package from Lloyds Bank Commercial Banking to fund its £25million refurbishment project.
Provided from the Birmingham office of Lloyds Commercial Banking, the funding is from the Government-backed Funding for Lending Scheme. It will allow the resort to carry out extensive renovations of the property involving the 324 bedrooms, public areas, the seven restaurants and bars and all meeting and conference spaces. Once completed, the hotel will again be known as one of Europe’s leading deluxe hotel, conference, golf and spa destinations. Something it was once known as.
Work is scheduled to begin this spring and the entire project is scheduled for completion within an 18 month timeframe. The hotel will remain open during the refurbishment.
In August 2012, the award winning resort was sold to an affiliate of US investment firm KSL Capital Partners and then re-appointed the De Vere Group to operate the hotel after they sold the hotel to The Quinn Group in 2005 for £186m.