Reward Finance Group helps hotel target more weddings

28-Nov-2018


The 19-bedroom bedroom Fairways Hotel, which overlooks the Bristol Channel in Porthcawl, has undergone an extensive refurbishment, including the addition of a new Orangery, as it plans to double the amount of weddings hosted by the hotel, with help from Reward Finance Group.

The move comes after the family-run hotel recently obtained a wedding licence, enabling it to provide a complete wedding venue.

To achieve its ambitious target, it is investing a further £100,000, which has been provided by SME funder Reward Finance Group.

Speaking about the plans, managing director of the Fairways Hotel, David Godbeer, said: “Situated on the Heritage Coast overlooking the Bristol Channel, we have arguably the best views in Porthcawl. We therefore wanted the facilities to match our stunning location, hence the huge investment we have made in refurbishing the hotel. The granting of the wedding licence helped to complete the package.

“Bringing the three aspects together has really boosted the weddings bookings and we are definitely on target to achieve our ambitious plans.”

Will Mason, associate director at business finance consultants, Liquidity Club, said,“The hotel needed an injection of cash that many ‘off the shelf’ finance providers would not be able to accommodate. “I therefore contacted Reward and following a visit to the hotel by its business development manager, Parisa Lian, a facility was put in place within a few days with the right repayment plan. With this latest injection the hotel is now preparing for the winter season and looking forward to hitting its ambitious targets next year.”

Parisa Lian of Reward Finance Group, said: “David and his son James really have invested a great deal of time and money in maximising the huge potential of the Fairways Hotel. 

“Having stayed there myself, I was really impressed with the results. With their drive and enthusiasm, and the increase in the business, which is ahead of target, we had no hesitation in providing them with the funds to help make the hotel a huge success.”

David Godbeer added: "I would like to thank Will and Parisa and their teams at Liquidity Club and Reward for quickly understanding what we wanted to achieve and having the faith that we will deliver.”