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Birmingham Post
Birmingham Post
Business
Owen Hughes

One of Llandudno's biggest promenade hotels has been sold

One of Llandudno's biggest seafront hotels has been sold ahead of auction.

The Queens Hotel on the resort's famous promenade has been closed since March 2020.

It had fallen into administration following the collapse of Northern Powerhouse Developments(NPD), run by Gavin Woodhouse.

The hotel was one of four North Wales sites that were part of the NPD group - alongside Llandudno Bay and Belmont in Llandudno and Caer Rhun Hall in the Conwy Valley.

Attempts to sell the sites had been complicated by leases attached to the hotels but last year Everbright Hotels bought the Belmont and Llandudno Bay in a deal with administrators. The Belmont has now reopened.

Queens Hotel was due to be auctioned with Allsop today on behalf of the administrators with a guide price of £200K to £250K - remarkably low for a 68 bedroom hotel on the famous seafront.

The reason is the complication of the leases attached to rooms at the site which were taken on by investors in Northern Powerhouse Developments.

But now Allsop has said the hotel has been "sold prior" to the auction starting.

Details of the buyer have not yet been released.

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