Colliers International secures sale of £1m Pembrokeshire leisure complex
The sale of a 26-acre hotel and cottage leisure complex on the Pembrokeshire coast reflects growing buoyancy in the hotel sector in Wales according to property agent Colliers International.
The Penrallt Hotel and Leisure in Aberporth is under new ownership following its sale by Colliers International to a private individual earlier this month. Although the sale price has not been disclosed, Colliers can confirm that the asking price was offers around £1m and that a price in line with this guide was achieved.
Set in landscaped grounds, the complex comprises a 26-bedroom hotel, 18 self-catering cottages, extensive leisure facilities, plus a detached three-bedroom house and two two-bedroom flats, which have been used for staff accommodation. Dating from the early 1900s, its original features include stained glass windows, balconies and imposing fireplaces and it has a bar and restaurant which overlooks the side terrace and gardens.
Acquired by its previous owners in 2004, the Edwardian hotel has recently undergone a complete refurbishment. The leisure centre includes one outdoor and two indoor pools, two gymnasiums, a beauty treatment room plus a café bar, while all 18 two-bedroom cottages were converted from former coach houses and stables.
Peter Brunt, Director of Colliers International, said: “The Penrallt is one of a number of hotels that we have sold in Wales in the first four months of 2015. In fact, we have sold one hotel for each month of the year so far, so there’s clearly increasing buoyancy in the Welsh Hotels sector and we expect to see this continue over the coming months. The Penralt presents a wonderful opportunity for the new owners to run established hotels in a beautiful setting and we wish them every success for the future.”