The four-star Stradey Park Hotel and Spa in Llanelli on the Gower coastline has gone up for sale with a price tag of £3.8m, as its current owners look to retire.
The property is home to 77 bedrooms and a new rooftop restaurant which has been developed by owners Gryphon Leisure that is set to launch in the next few months.
The site’s original stone-built manor house, which houses the dining room and function room dates back to 1912, and was extended in 1974.
Gryphon Leisure has owned the hotel since 2000 and are now looking to semi-retire to pursue other interests.
The company has invested significantly in the business since its acquisition, including the creation of a new spa and the soon-to-launch rooftop restaurant the 1912.
Angela Saunders of Gryphn Leisure Ltd comments: “The business has continued to be strong – we’ve been amazingly lucky with the support shown by the community. We have benefited from staycationing, as customers have decided to holiday at home and not abroad in greater numbers, and that has given us some great success. Carmarthenshire has really developed as a holidaying destination in recent years, too.”
Corrina Jones, business agent at Christie & Co, who is handling the sale, comments: “Opportunities of this prominence, size and quality are few and far between within South Wales. Stradey Park Hotel & Spa offers the ideal platform for an experienced operator to move to South Wales or expand their current offering in the region with the acquisition of this quality asset. We are pleased to have been given the opportunity to secure the right buyer for Stradey Park, who will continue to drive this business forward.
“The business is being transferred as a going concern and we have been advised that there will be no disruption with regards to the day to day running of the hotel, accommodation, wedding or event bookings.”