Blackpool entrepreneur buys pair of hotels
Blackpool-based entrepreneur Malaya Nayak has bought two seafront hotels as he begins to build a UK-wide portfolio.
The Garvey’s Promenade Hotel has 46 en-suite bedrooms, including six sea view rooms, and on the neighbouring street, The New Valron has 21 en-suite twin, double and family rooms, all available with bed and breakfast.
The hotels are close to Blackpool’s South and Central piers, have a 4.5-star rating on TripAdvisor and registered a combined turnover of £370,000.
Malaya is an IT professional specialising in the hospitality sector and previously ran the Henson Hotel in Blackpool.
Drawing on 22 years of industry experience, he will manage the hotels alongside a team of 20 staff across both hotels. He has already employed three additional staff and hopes to expand the team further over the summer season.
The entrepreneur will continue to expand his hotel portfolio, with the ambition to own more than seven hotels across the UK within the next 10 years.
My ultimate goal is to own a series of affordable, boutique hotels.
The Blackpool purchases were made with the help of a £246,000 funding package from NatWest.
Malaya said: “My ultimate goal is to own a series of affordable, boutique hotels where the customer is always the priority, unlike in larger chains. Thanks to the funding from NatWest, I have been able to take the first steps towards fulfilling this dream.”
Rosamond Mobbs, relationship manager at NatWest, said: “Malaya’s innovative approach and entrepreneurial attitude is a credit to himself and the industry. We were more than happy to offer the funding and support to help him secure his first two hotels and look forward to continuing to work with Malaya throughout his journey.”
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