Kent couple ‘seas’ the day with latest hotel purchase.
A 12-bedroom guest house on Llandudno’s seafront has been sold by the Hotel Agency team at commercial real estate firm Colliers.
Swn Y Mor Hotel is a successful, privately owned bed and breakfast located on a prime seafront location in Llandudno, Conwy. The property has 12 bedrooms, breakfast room to seat 24, along with two newly refurbished owner’s apartments.
Swn Y Mor is highly established in the area receiving a high volume of year-round tourist trade, from the local vicinity and nationwide. Llandudno is the largest seaside resort in Wales, and as early as 1861 was being called ‘the Queen of the Welsh Watering Places.
Previous owners, Chris McQuade and Steven Podmore acquired the business from their parents 10 years ago and have now sold Swn Y Mor to move to Brighton for a new business opportunity.
The hotel has been sold to Colin and Sandra Lewis, a couple from Kent whose background is in customer services. Buying a hotel has been a long-term dream for the pair and this purchase will be their first business venture together.
Sandra/Colin Lewis said: “We are over the moon to begin this next chapter of our professional lives together. We have so many exciting plans for the business and are eager to get started. We look forward to welcoming all customers into our new home when we open later this month”
Neil Thomson commented: “Swn Y Mor Hotel is a marvellous venue in a picturesque tourist destination. Searching for a coastline hotel or guest house proves to be popular for buyers, as it offers the dream for many first-time operators of the ultimate work/lifestyle balance and can prove highly profitable if run well.”
“Despite the current financial uncertainty for the UK hotel industry, we are still seeing buyers from all over the UK wanting to invest into the leisure sector, particularly throughout North Wales. Since the beginning of 2021, Colliers’ Hotels team has completed 132 hotel and associated business sales, 72 of these have been in the last 12 months further demonstrating the strength of the market.”