Wedding venue group the Oldwalls Collection has opened its third venue in Wales following a seven-figure funding package from HSBC UK and the Development Bank of Wales.
The Swansea-based business has used the funding to add the Sant Ffraed House (formerly the Llansantffraed Court Hotel) in Abergavenny, to its offer.
The latest venue adds to its existing portfolio which comprises Fairyhill and Oldwalls Gower in Swansea and several luxury holiday cottages.
The Sant Ffraed has created 50 new jobs and is anticipating 15,000 guests through 2023.
Andrew Hole, managing director of the Oldwalls Collection, said: “The wedding events industry has been severely disrupted since the pandemic, with couples rescheduling dates multiple times. As the industry begins to bounce back, we sought an expansive solution to provide more choice.
“HSBC UK and the Development Bank of Wales have been a great help throughout the process of acquiring and opening Sant Ffraed House, and we look forward to continuing a relationship with both banks as we further expand the business.”
Anthony Couzens, relationship director for HSBC UK Corporate Banking South Wales added: “It’s been a pleasure to support Andrew and the team at Oldwalls with their continued expansion alongside the Development Bank of Wales. Oldwalls have delivered a spectacular new addition to the Welsh hospitality offering and raised the bar with the redevelopment of Sant Ffraed House. We wish them every success.”
Daniel Kinsey, portfolio executive at the Development Bank of Wales said: “As an existing customer, we have an excellent working relationship with the team at Oldwalls. They have a stellar reputation across Wales, and we’re delighted to have supported with the businesses’ recent acquisition of Sant Ffraed House to expand its portfolio in partnership with HSBC UK.”
Sant Ffaed House is set in 16 acres and boasts a 150 person ceremony and reception room.
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