5/11/2020 | Hotel Mortgages

Stunning Victorian guest house successfully refinanced by Christie Finance

Specialist commercial finance broker, Christie Finance, has supported experienced hoteliers, Stephen Perry and Archibald Stirling, in refinancing their exquisite Gate Lodge Guest House based in Norfolk, raising additional finance for further improvements to be made to the property.

Gate Lodge Guest House sits within the sought-after village of Hunstanton in Norfolk, closely located to the seaside, with many of the rooms enjoying a beautiful sea view. The property currently comprises seven large letting rooms, all well-equipped and fit for purpose.

Stephen Perry and Archibald Stirling have owned the business since 2008 and have continued to make improvements over the years, resulting in an excellent 4* rating by Visit England, a 9.7 rating on Booking.com, and a 5* rating on TripAdvisor. The guest house has also won several awards, with the latest being a Gold Award by Visit England, achieved for exceptional quality accommodation and customer service.

Between them, Stephen and Archibald have over 25 years’ experience working in the hospitality sector, and currently operate much of the Gate Lodge Guest House themselves whilst living on site. Their partnership was formed in 1994 when they purchased The Bell Inn in Rickinghall, Suffolk, a business they ran for over 15 years, with Stephen focusing on front of house and administration, and Archibald taking responsibility for all catering and housekeeping matters.

Christie Finance was approached by the experienced hoteliers seeking help in consolidating their existing finances and releasing funds for the upgrades to the hall and stairway at the guest house. By completing these refurbishments, the property will have been completely refurbished since it was first purchased.

Emma Vanson, Finance Consultant at Christie Finance, secured a competitive refinance of the guest house. She comments, “It was a pleasure working with Stephen and Archibald on getting the funding they needed to enhance what is already a fantastic business. Customer reviews demonstrate how highly regarded Stephen and Archibald are amongst their guests and the local community. I wish them the very best for the future and would be delighted to assist again should they require my services.”