A hotel in Cornwall on the market for £4.75m could now be turned into residential apartments after owners admitted the business was no longer viable.
The 32-bedroom Whitsand Bay Hotel at Portwrinkle has been owned by Chris and Jennifer Phillips for the last 17 years and have now submitted a planning application to Cornwall Council for the change of use of the Grade-II listed building, after around 12 months up for sale.
According to documents, the hotel, golf course, restaurant, bar and swimming pool requires around £1m of investment for repairs and refurbishment, having previously quoted around £40k for redevelopment work.
Under the new plans, the hotel would be converted into 18 one and two-bedroom apartments, with the neighbouring St Anthony Estate tasked with taking on the running of the golf club.
Documents submitted with the plans also state that the swimming pool and gym, which is used by local residents, would remain open after the conversion.
A viability assessment included with the planning applications states: “With the current climate and downturn in bookings it was decided to put the business on the market some years ago.”
It states that discreet enquiries were made four years ago and the hotel went onto the market 12 months ago but while there was some interest there were no meaningful offers made.
In its conclusion the viability assessment states: “The hotel now demands a high level of maintenance and it is clear now that an injection of considerable funds is necessary to smarten up the building and refresh the interior to bring it up to the standards that are expected today.
“The development now proposed by the prospective purchaser/developer has the potential therefore to rescue the listed building before it is at risk of falling into disrepair, provided the conversion can be supported.”