A 200-year-old hotel in Llanelli is set to get a new lease of life after its new owners secured significant funding from NatWest.
Nickesha Graham-Burrell and Balfour Burrell obtained a £420k funding package from the bank to purchase The Ashburnham Hotel in Pembrey following the retirement of its previous owners.
The Burrells plan to strengthen the impressive reputation and operation of the £650,000 annual turnover business including considerable investment in landscaping and internal refurbishments at the seven-acre site, and a future vision to add guest lodges to the grounds.
The couple also plans to improve sustainability by installing electric vehicle charging points on-site.
Balfour, a former construction project manager, will take over as general manager. All current staff will be retained as part of the changing of hands, while the new owners hope to create more jobs in the local area as the business expands.
Built as an independent inn in the early 1800s to provide accommodation for businesspeople in the area, the hotel inherits its name from the Earl of Ashburnham, who lived at Pembrey house until the 1920s. Most notably, the property accommodated aviation pioneer Amelia Earhart for an overnight stay following her transatlantic flight in 1928, where she became the first female to fly solo across the Atlantic Ocean.
The deal completed in March 2022 and secured the freehold of the hotel alongside all existing furniture and fittings. Jo McCarthy, commercial finance broker at B2B Finance, Andrew Styles, business development manager and Paul Dunne, relationship manager, both at NatWest, supported the transaction.
Nickesha said: “Ashburnham Hotel is an extremely important business in the local area and sits in idyllic surroundings close to Pembrey Country Park and Ashburnham golf course. It is rich in history and still plays a huge part in the local community offering everything from weddings to business meetings and dining opportunities.
“The hotel has seen many changes over the years and will undergo internal and external refurbishment to create a sophisticated and luxurious feel. We’re excited about the future of the business and are committed to ensuring it remains authentic as the operation expands.”
Paul Dunne, Relationship Manager at NatWest for Carmarthenshire, said: “Working with Nickesha and the team to secure this funding package has been a pleasure. I am confident the funds provided by NatWest will help to inject refreshed life back into the much-loved hotel and encourage additional employment opportunities in the area.
“The hospitality sector has faced a particularly challenging time on a national scale, however, SMEs such as The Ashburnham Hotel will play a huge role in our economic recovery and Natwest is delighted to support this venture.”