The new owners of Hotel Bristol have detailed plans to invest in the long-term sustainability of the Cornish business following its acquisition earlier this month.
Manchester-based Salboy, a developer in property and hospitality businesses, purchased the three-star hotel off a guide price of £5m after being owned by the Young family for the last 94 years over four generations.
Now management at Salboy have revealed plans to invest in the hotel and is ‘finalising long-term plans’ for the future development of the 74-bedroom Hotel Bristol.
Simon Ismail, MD of Salboy, said: “After a competitive bidding process, we worked closely with the hotel’s previous owners and existing management team to make sure that our values and ambitions aligned with theirs, and that we’re committed to investing in the hotel.
“While we are currently finalising long term plans for the Hotel Bristol, it is very much business as usual, with our team, guests and local customers being at the forefront of any decisions which are made.”
The hotel has a team of 50 staff, some of whom have worked there for more than 30 years. All roles have been retained throughout the acquisition of the hotel.
The business will continues to be part of Best Western.
Lukasz Wilczkowski, general manager, who first joined in 2005 as a wine waiter, said: “As we do every year, we will soon carry out minor renovation works to the hotel in preparation for the next summer season, and as we start to ease further restrictions from 3 October, will be restarting our popular Sunday lunches for both hotel guests and locals.”
Manchester-based Salboy, led by Simon Ismail, has been responsible for hospitality regeneration projects such as the renovation of the Black Friar pub in Salford.
Originally built in the Victorian era, the Hotel Bristol is a three-star hotel overlooking Tolcarne Beach and Newquay’s historic Barrowfields.
Alongside 74 bedrooms, its facilities include a restaurant, a cocktail bar and lounge, a ballroom and seven function rooms, and a swimming pool and wellness clinic.