The developers of a landmark boutique hotel in Wales have said they are unable to find an operator for the property.
The site of The Deganwy Castle Hotel, overlooking Conwy estuary, is being transformed into a five-star boutique hotel, restaurant, bar and 26 apartments.
Works have been ongoing since 2012 and the hotel and restaurant could open this year, creating dozens of new jobs, if a management company can be found.
The Deganwy Castle Hotel closed back in 2010 – putting 35 staff out of work, but was later bought by North Wales developer Coastal and Country Developments.
However, despite two years of marketing the developer has been unable to secure an operator to buy or lease the hotel site or even the restaurant.
Now bosses are asking Conwy council to remove a condition that restricts the number of apartments they can sell prior to the hotel being completed.
MD Steve Ratcliffe: “The economy has been difficult over the past couple of years and we are just now seeing things turn around. There has been a reluctance to take a risk in new developments and this has affected us.
“Now we are seeing things picking up and more stability in the economy, we are now very confident that we can find someone to run the hotel.
“At the current time we are not even thinking about other options for this site because we are sure this will happen. It is a fantastic location and everyone in the area, including us, wants this to happen. This would be a huge success.”