Cornish hotel group report 10% rise in turnover

12 April 2011 by
Cornish hotel group report 10% rise in turnover

The Cornish-based Nettleton Group, incorporating three hotels and a spa, has reported a record year with turnover up 10% on the previous year.

Business has increased at the four star Bay hotel and Fistral Spa and three-star Esplanade, which both have 92 bedrooms and overlook Fistral Beach, since a £3m-plus refurbishment of the properties in 2008.

A third hotel - the 41-bedroom Boringdon Hall, near Plymouth - was added to the portfolio when the company bought it off a guide price of £2.25m from former Plymouth Argyle footballer Paul Chapman, who was retiring.

James Nettleton, director of the Nettleton Group, said the company had finished the last financial year in a secure position as the result of hard work by the staff and a solid focus on continually gauging and reacting to the marketplace and needs of consumers.

"The investment into our hotels has met our aim of attracting and converting the high-spend ‘lifestylers' market," he said. "We are completely committed to strengthening the quality and appeal of our products on an ongoing basis."

Nettleton went on to say that 2011-12 could potentially be tough. "Competition will be fierce, but we believe that those who take a proactive approach will stand to benefit in the long run."

Borringdon Hall hotel for sales at £2.25m >>

Construction on £30m destination hotel in Cornwall begins >>

The Cornwall at St Austell - just opened >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to jobs

Looking for a new job? Find your next job here with jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking