Profit has been slashed at the owner of Pennyhill Park, the five-star hotel where the England men’s rugby team are based, after it underwent a huge renovation project.

The group saw a complete renovation of its newest addition, the Ansty Hall hotel near Coventry, while it also “invested heavily” in its South Lodge location.

As a result, the group’s pre-tax profit fell from £7.1m to £2.2m in the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House.

The results also show that group’s turnover increased from £62.9m to £64.2m over the same period.

As well as owning Pennyhill Park in Surrey, the group’s portfolio includes Lainston House, The Manor Hour Hotel, Royal Berkshire Hotel, Fanhams Hall Hotel and The Castle Inn.