hospitality-hub

Members of the Commercial team from The Cumberland attended the 2023 Autumn Conference of the Scottish Tourism Alliance. Over 400 delegates attended on the day with 12 guest speakers, and there were some important takeaways for the industry.

Former supermarket deputy manager, Sue Grundy, has turned her dream into a reality, after purchasing a five-star guesthouse in Penrith.

Chartered accountant, Margaret Beattie, poured her heart and soul into nurturing a chain of serviced apartments known as The Spires, but when her connection with her business lenders dissolved due to their exit from the SME market, she faced the challenge of refinancing in a difficult economic climate.

In the bustling world of hospitality, where chefs and teams work hard to craft tasty dishes for guests to enjoy, there is a growing concern which often goes unnoticed- the significant increase in food waste.

Award-winning chef and hotelier, Tom Lewis, has been in the hospitality sector for 40 years. His mother purchased Monachyle Mhor (when it was a humble guesthouse) in 1983, and Tom took
over the business in 2005, turning it into the luxury boutique hotel that it is today.

A hardy band of well-meaning souls from the Commercial and Intermediary teams at The Cumberland spent their Halloween volunteering rather than chasing ghosts.

As part of our series exploring opportunities for hospitality business owners to expand, we spoke to Julian Troup, Head of UK Hotels at Colliers real estate agents, about the current trends, challenges and opportunities in the hospitality sector.

The Cumberland has teamed up with other experts across the hospitality lending space to share advice for business owners on how they can safely expand their hospitality business, despite a challenging economic climate.