The Mhor Estate, owned by 53-year-old chef and hotelier Tom Lewis, encompasses a boutique hotel, Mhor 84 roadside motel, Calair Cottage self-catering accommodation, a retail concept, and the Mhor Bread bakery in Callander.

Of the total amount, a substantial £980,000 is earmarked for the principal hotel. A notable part of this upgrade includes a hydro-dam project, tapping into local water channels to produce electricity. Additionally, £475,000 is dedicated to bolstering Mhor 84, a casual motel and dining space situated en route to the Scottish Highlands on the A84. The balance funding is distributed between enhancing Mhor Bread — which is branching out with a takeaway service — and Calair Cottage, which offers serene stays beside the Balvaig river.

Monachyle Mhor has a rich history that began in 1983 when Mr Lewis’ mother purchased and ran it as a quaint bed and breakfast. In 2005, Lewis expanded its services, transforming it into the iconic destination it is today.

Mr Lewis shared: “Mhor holds a special place in my heart and my family’s history. From its humble beginnings as a small farm guesthouse B&B under my mother’s care to the flourishing establishment it is today, it has been a labour of love.

“I am grateful to the Cumberland for recognising the value of preserving this legacy and supporting our ongoing growth and development to ensure Mhor is top of the list when visiting Scotland, future-proofing its popularity for those who love stylish, rural places to stay, eat and make memories.

“Together, we will continue to provide exceptional experiences for our guests and showcase the beauty of Scottish hospitality.”

Stuart McNaughton, commercial relationship manager at Cumberland, added: “The legacy that Tom, Dick and family have created is remarkable.

“He is a critically acclaimed trailblazer in the hospitality industry which has earned him AA Rosettes at Monachyle, a Booker Prize and an Egon Ronay Guide Award.

“We first started working on the re-finance for Tom around a year ago, and we really took the time to get under the skin of the business and understand the vision and direction in which Tom wanted to take it.

“Based on the business performance to date and Tom’s passion and success in hospitality, we were really pleased to be able to help refinance the Mhor Estate.”