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Economic Development

Loss making Snowdonia hotel has fortunes transformed after revamp

The Padarn Hotel received a major overhaul after being purchased by an entrepreneurial couple

Padarn Hotel in Llanberis(Image: Padarn Hotel)

A couple have transformed the fortunes of a once loss making Snowdonia hotel after a revamp of the site.

 

Back in 2016 The Padarn Hotel in Llanberis was struggling.

 

But it was taken over by local couple Lesley and Simon Wilson who have turned things around.

This has been supported by funding deals worth more than £85k in total, secured by finance specialists, Bathgate Business Finance.

L-R Lesley Wilson (Padarn) Esther Rigby (Bathgate Business Finance) and Gordon Andrews (Bathgate Business Finance) – Outside Padarn Hotel(Image: Padarn Hotel)

 

Turnover has now tripled and staff numbers have gone from six to 35.

 

Since taking ownership of the hotel, the couple have completely modernised and refurbished the building, adding two new bedrooms, a multipurpose meeting/training room with breathtaking mountain views and improved its dining offer. 

They have extended a 30-cover restaurant into a 100 seat bistro set across three themed rooms - The Garden room, which looks out across Snowdonia, the Film room, celebrating movies that have been filmed in Llanberis, and the Boathouse room with its cosy booths and views of Snowdon. 

 

To date, Bathgate Business Finance has secured almost £75k in own-book funding for the Padarn Hotel, most recently providing £23k to purchase furniture, audio equipment for the function room and a new boiler. The company has also brokered a £10k deal with finance company White Oak for catering equipment from Caterequip.