Retreats Group buys its third hotel in Wales
Luxury hotel operator Retreats Group has bought the Twr-y-Felin hotel in Pembrokeshire, South Wales, for an undisclosed sum off an asking price of £725,000.
A former 18th-century corn mill, the 12-bedroom hotel, which was sold with an adjacent four-bedroom cottage, also features a bar lounge, a 26-cover dining room and three syndicate rooms.
The Retreats Group operates and manages the properties held by The Retreats Group Trust. The Trust Fund was set up to purchase and restore significant historic buildings and heritage properties to their original intended glory. The Trust acquires and restores these historical buildings as exclusive luxury hotels and retreats.
The group is currently renovating the Roch Castle Retreat and the Penrhiw Priory Retreat in Pembrokeshire and plans to convert Twr-y-Felin Hotel into a 20-bedroom, five-star boutique hotel.
A Retreats Group spokesperson said: "We are delighted to have acquired the Twr-y-Felin Hotel as we see it as a vital component to our portfolio of historic buildings and, as such, will complement our existing plans to restore our architectural heritage and allow them to become sustainable by meeting contemporary needs."
Jonathan Hill, Director of Christie + Co's Bristol Office, who handled the sale, added: "Due to the interesting nature of the building, a great deal of interest was received from potential purchasers across the UK and overseas. We are delighted to have secured the Retreats Group as the new owners of Twr-y-Felin Hotel."
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By Rosie Birkett
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