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Highlands mountain resort Nevis Range secured a £1m funding package to build a hotel and shops – and expects profits to soar as a result.
Nevis Range used the support from HSBC UK to build its Basecamp Hotel, as well as retail units including a restaurant, bar and bike hire shop.
The company says the hotel has seen a 98% occupancy rate since it opened in April. It now expects turnover for the year to be £5.6m – up £2m on the previous year – with profits rising 55%.
Nevis Range attracts 200,000 visitors each year for activities and experiences including its Mountain Gondola.
Chris O’Brien, managing director of Nevis Range, said: “Being in such a rural area, the nearby town simply wasn’t built to cater for the amount of footfall that Nevis Range has been bringing to Fort William – and demand for our attractions has only been increasing. So we’re really excited to be able to offer visitors a place to stay and relax on their sporting adventures.
“The pandemic was tough on the leisure industry, but it gave us time to pause and revaluate our goals and business plan. Expanding further into the hospitality industry to improve our overall offering has been part of that plan and we’ve really valued HSBC UK’s support in helping to bring our vision to life.
“We’ll soon be hosting the UCI Cycling World Championships 2023 this August, inviting 400,000 spectators to Nevis Range, and we can’t wait to give visitors a taste of our brand new services.”
Allan McGraw, relationship director at HSBC UK, said: “With its spectacular trails, views and the UK’s only mountain range gondola lift, Nevis Range is becoming a popular destination in the mountain sports scene. It’s fantastic to well-loved business explore new avenues and enter new territory as it works towards a future of growth and helping to bring adventure sports to more people.”
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