A former headteacher and her husband have taken immediate ownership of Ivanhoe Guest House in Bridlington with the support of funding from NatWest.
Wendy and Ray Holton purchased the guest house on Cardigan Road using a £223,000 funding package.
Ivanhoe Guest House has eight recently refurbished en-suite bedrooms, a guest living and dining room and off-street parking facilities.
Wendy and Ray, a former tree surgeon, will now run all aspects of the business, including kitchen and hospitality, guest services and marketing. They will live on site with their 10-year-old son Neill.
The couple welcomed their first guests in September and already have a number of repeat bookings and future reservations into late 2019.
Plans are underway for further upgrades to ensure all rooms are of the highest standard with the aim of improving seasonal occupancy.
Wendy said: “Ray and I have dreamed of opening our own guest house for a long time but needed support for our business plan. NatWest helped provide access to the finance needed to buy Ivanhoe. The bank also offered additional support, from helping set up our business account to recommending a fantastic solicitor, all of which has helped us achieve our goal of owning a family business.”