Llangollen's Wild Pheasant hotel has been bought out of administration for the second time, this time by expanding hotel group Everbright Lodge off an asking price of £2.25m.
The 46-bedroom hotel first went into administration in 2011 after Llangollen Hotels, run by recently deceased former hotelier Stephanie Booth, accumulated substantial debts. It was bought for £2.1m out of administration by O&S Hotels in 2012, however went back into administration last month due to "health and safety concerns" and all staff were made redundant.
Liverpool-based Everbright Lodge, which also owns Rossett Hall hotel in Wrexham, is planning a major refurbishment programme of the property, including improvements to the bedrooms, bar, restaurant and function rooms. The refurbishment is due to start almost immediately with the hotel scheduled to reopen in early November. A staff recruitment process will be starting in the next couple of weeks.
Onecall Hospitality has also worked with venues including the Bold hotel in Southport, Bredbury Hall hotel and the three-AA-star, 24-bedroom Solberge Hall hotel.
Ryan Lynn of Christie & Co acted as agent for the sale of the property, while Bermans provided legal advice to the buyer.
Andrew Addison, regional operations manager with Onecall Hospitality, said: "The Wild Pheasant was one of North Wales' best known hotels. It was well-loved by locals and a popular stop-off point for coach parties. However in recent years it has suffered from a lack of investment. We aim to restore it to its former position as a focal point within the community, as a venue for dining out and for events and functions, and also to rebuild the tourist trade. Ultimately, the Wild Pheasant will be part of a unique collection of hotels of character under the ownership of Everbright Lodge."
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