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Local hoteliers acquire Porthmadog's Royal Sportsman

09 July 2019 by
Local hoteliers acquire Porthmadog's Royal Sportsman

Local hoteliers Michael and Frances O'Reilly have bought the Royal Sportsman hotel in Porthmadog off an asking price of £1.73m.

The pair bought the 28-bedroom, three-AA-starred Gwynedd property from Abdul Awal Quddus, who owned the hotel for seven years before deciding to sell to relocate to be closer to his family.

The hotel also has a bar, dining room and meeting facilities, and a private two-bedroom apartment on the second floor of the property.

Colliers International's Neil Thomson, who advised the seller, said: "This busy and well-known high street hotel is located in a prime tourist destination of North Wales and as such generated plenty of interest from local, regional and national buyers who were keen to acquire and develop portfolios."

Case Study: The Royal Sportsman >>

August update: Royal Sportsman - money talks >>

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