A family-run furnishing company has bought a hotel in Wales as it looks to diversify the business. Lyn Morgan Furnishings has moved from rented premises in south Wales to the Elan Valley in mid-Wales where it has purchased Elan Valley Hotel for an undisclosed amount.
The acquisition was made following a six-figure funding packaging from HSBC UK. The company’s owners hope to diversify the business while providing a new space for a showroom and workshop.
It also provides the opportunity to showcase the firm’s furniture pieces which have been chosen to decorate the hotel’s renovated rooms, with six rooms already completed. The purchase will also see 12 new jobs created as a result.
