Bryn Howel Hotel in Llangollen, North Wales, is the last of the four freehold hotels formerly operated by the Llangollen Hotels Group to be sold out of administration.
Anrai Rose, the company owned by Eamonn Canavan, a hotelier with 20 years' experience, has bought the 35-bedroom property off a guide price of £1.1m. Canavan intends to restore the 19th-century hotel, which incorporates the Cedar Tree restaurant and a ballroom for up to 250 people, to a high standard and re-establish it as a leading wedding and corporate venue.
The deal concludes the sale by Colliers International of the four hotels in the Llangollen Hotels Group, previously operated by Stephanie Booth, who appeared in a BBC Wales fly-on-the-wall documentary series, Hotel Stephanie. KPMG took over the hotels as administrators in 2011.
The other three hotels to be sold include the Wild Pheasant Hotel, from a guide price of £2.1m, Bodidris Hall (guide price: £700,000) and Chainbridge Hotel (guide price: £500,000).
Neil Thomson, associate director in the specialist hotels division of the Manchester office of Colliers International, said: "The hotel generated huge amounts of interest when it was placed back on the market in July 2012 after original negotiations collapsed.
"Eamonn Canavan is delighted with the purchase and plans to invest in the hotel and re-establish its reputation in the marketplace."
By Janet Harmer
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