Newquay’s Headland hotel has reported “slightly reduced” turnover due to the construction of a multimillion-pound leisure complex.
The Cornish hotel’s financial results for the year ended 30 November 2018, filed with Companies House, recorded revenue of £8.95m against £9.04m the previous year, as well as a decrease in pre-tax profit from £1.66m in 2017 to £1.42m last year.
The four-silver-AA-starred, 95-bedroom hotel, which this year is celebrating 40 years under the ownership of John and Carolyn Armstrong, said the financial results reflect that several cottages were not let due to construction work, as well as the reduced rates for hotel bedrooms overlooking the site.
The Headland’s Aqua Club is due for completion in mid spring 2020 and will have three indoor pools, two outdoor pools and another restaurant, as well as the existing two-AA-rosette Samphire and one-rosette Terrace restaurants.
The club will be located on the site of three former tennis courts between the hotel and self-catering cottages. Construction of the 2,215 m sq club started in October 2017.
The Companies House documents also noted that the government’s plan to limit certain migrants to a short time limited visa “is already beginning to impact the business”.