Celtic Royal hotel in Caernarfon to be managed by Providence Hospitality after sale

12 December 2019 by
Celtic Royal hotel in Caernarfon to be managed by Providence Hospitality after sale

The 112-bedroom Celtic Royal hotel in Caernarfon, has been sold for an undisclosed sum to a private investor advised by South African-based Fairtree International.

Located within a Grade II-listed building dating back to 1794, the hotel has been sold by Markus and Sinead Donsbach. It will be managed by Providence Hospitality, which, together with Fairtree International, forms part of the Fairtree group of companies that operates hotels and resorts in the UK and South Africa.

Providence's 16-strong portfolio now includes nine hotels in the UK, including the Rosevine hotel in Truro, Cornwall, and the Headland hotel in Torquay, Devon.

The Celtic Royal features the 100-cover Draco restaurant, ballroom for up to 320 people, a leisure club with swimming pool and Summit Bar bistro.

Joe Bester, director of Providence Hospitality, said: "The signing of the Celtic Royal Hotel forms a major part of Providence's accelerated growth strategy within the UK. We are determined to develop quality business and leisure circuits for our loyal guests, in key provincial locations around Britain through our affiliations with Fairtree and all our partners."

Julian Troup, head of UK hotels agency at Colliers International, secured the sale. He said: "There was competing interest in the hotel and the decision was taken to proceed with a proven buyer eager to further expand in the area."

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking