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Llandudno hotel in liquidation now on the hunt for new owner

ambassador-hotel

A hotel in Llandudno that fell into liquidation last month is now on the hunt for a new owner to transform its fortunes.

The Ambassador Hotel appointed insolvency and restructuring specialist Grant Thornton after suffering cash flow problems, but the 57-bedroom business continued to trade, as liquidators came on board.

The hotel comprises a 110-cover restaurant alongside the bedrooms and employs 20 people.

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The asking price has not been disclosed.

A spokesman from sellers Wignall Brownlow said: “The Ambassador Hotel is an imposing, corner situated hotel, conveniently located in one of Llandudno’s premier ‘front’ locations.

“The hotel has been a mainstay of the Llandudno hospitality scene for decades.”

The hotel site dates back more than 150 years – previously made up of five separate hotels before they were merged together in the 1980s.

Its directors are listed as David Williams and Nigel Williams.

Tags : for salehotelsliquidationLlandudno
Zoe Monk

The author Zoe Monk

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