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Four-star hotel in Wales secures £500k funding boost for renovation project

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The Dunoon Hotel in Llandudno has locked in a £500k funding deal with HSBC UK to secure investment for a renovation project.

The four-star hotel acquired an adjacent building earlier in the year and will use the funding to restore and fit-out the 12,000 sq ft derelict space into 18 new bedrooms.

The new rooms will help to meet the rise in demand in the local area.

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The project started in early 2019 and is expected to be completed by February 2020.

Rhys Williams, managing director of the Dunoon Hotel, said: “I’m very pleased and proud to be on the home straight after spending the last year reviving the derelict property next door to The Dunoon, which means we no longer need to turn people away due to a lack of space!

“The funding from HSBC UK has been instrumental in helping us provide a new, high-end offer to people who love travelling, as well as helping us realise our ambitions of growing our family-run business. We’re really excited to officially open the building in February 2020.”

Martin Lyons, HSBC UK’s business banking area director for North Wales, said: “We’re delighted to support the expansion of this very popular hotel. The Dunoon is unique in the Victorian seaside town of Llandudno, so we look forward to seeing an influx of new visitors to the newly renovated hotel.”

The family-run hotel is currently home to 50 bedrooms and a 2 AA Rosette restaurant.

It was also awarded Go North Wales Tourism Hotel of the Year 2018.

Tags : expansionfundinghotelsinvestmentLlandudnonorth wales
Zoe Monk

The author Zoe Monk

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