A2P Hospitality has acquired the freehold of the 18-bedroom Manor hotel in Llandudno off a guide price of £595,000.
It marks the company's sixth hotel purchase, and its first in Wales.
A2P is led by Pradeep Sobti, Abhishek Gupta and Akshay Sobti, and its portfolio also includes the Baltimore hotel, Middlesbrough; the Wool Merchant hotel, Halifax; the Brook House hotel, Chorley; the Terrace Lodge hotel, Yeovil; and the Abbeydale hotel, Chesterfield.
A prominent end of terrace corner property, the Manor hotel has a public bar, dining room, private accommodation and garden. The premises is on the promenade, between the Great Orme and Little Orme, and enjoys panoramic views of Llandudno Bay, near the Venue Cymru theatre and conference centre, and the Victorian pier and shopping area.
Former owner Mark Richards said: "Over the last 10 years, since we originally purchased the hotel, we have enjoyed refurbishing it, developing the property into a very busy hotel. The public bar has become very popular with locals as well as visiting guests. Having opened Time Cafe Bar restaurant in Conwy two years ago, which we plan to develop further over the coming years, we leave the Manor hotel in the secure and safe hands of its new owners."
A spokesperson for A2P said: "We are really excited to be a part of Wales and the beautiful town of Llandudno. We aim to be a part of the strong local community and will endeavour to take the Manor to higher levels of service and hospitality."
Lesley Watmough from Fleurets, who handled the sale, added: "Most would class this as a boutique hotel, due to the quality of the fit-out and environment; and subsequently the property has received high levels of interest throughout the marketing period."
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