By Jon Robinson 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 …