Retiring couple put 5 star hotel near Snowdonia National Park up for sale
Ty’n Rhos Country House Hotel, situated just outside of Snowdonia National Park, North Wales, has been brought to the market by specialist business property adviser, Christie & Co.
Originally a farmstead, the detached stone-built, two-storey property comprises 19 double ensuite letting bedrooms, a large conservatory, a bar and an elegant dining room. It is set within its own grounds of approximately five acres and attracts a large amount of both British and international tourists due to its proximity to Mount Snowdon, several castles, blue flag beaches, Velocity Zip Wire and many more attractions in the Snowdonia area.
Over the years the property has been modernised and well maintained by the current owners, Steven and Hilary Murphy who now wish to retire.
Tom O’Malley, Business Agent at Christie & Co’s Manchester office, comments, “This is a fantastic opportunity for a new or experienced operator to come in and develop the hotel by creating a substantial number of further bedrooms, a lunch menu in the restaurant and taking full advantage of the surroundings by introducing wedding functions. Alternatively this is a good business for anyone wishing to invest in the property and operate the business under management.
“There is potential to add 10 further bedrooms to the main building alongside a possible conversion of the current Dutch barn, as well as the construction of a helipad subject to planning permission. There is also potential to add 20 covers to the hotel’s restaurant boosting the capacity to 65.
“The current owners have done a great job of retaining the wealth of features including the exposed external stone walls, the wood-beamed barn ceilings and open fireplaces. They have also developed links with a number of ‘blue chip’ companies within the area which allows the business to operate comfortably with a full team of staff throughout the winter months.
“We therefore expect a lot of interest in this business which has 65% repeat bookings and where the standard of accommodation can be operated for some considerable time without further expense whilst achieving a good room rate.”
Christie & Co is seeking an asking price of £1.875m for the freehold sale.