‘Try before you buy’ opportunity proves fruitful for 9-bed Llandudno hotel

Bryn Derwen, Llandudno

A unique opportunity to ‘try before you buy’ a Llandudno hotel helped secured its sale, as the current owners looked to encourage less-experienced operators to take a plunge into hospitality.

Bryn Derwen is a 9-bed hotel situated under the Famous Great Orme, currently owned by Steve and Debbie Loughborough who have been at the helm of the property since 2003.

The couple offered potential purchasers the chance to ‘try before they buy’ as they highlighted that this approach would’ve proved valuable when they were looking to first purchase the property.

Story continues below

As a result, newcomers to the trade Mark and Lyn Rogers purchased Bryn Derwen after deciding to take Steve and Debbie up on their offer.

Lesley Watmough from Fleurets, who brokered the sale commented: “I would encourage other vendors to offer a similar opportunity for purchasers to test out a property. By prior agreement, a serious potential purchaser can stay at the hotel for a few days and shadow the current owners. This will allow the perspective purchaser to understand and digest both the business and lifestyle.”

Alongside the hotel’s nine bedrooms, there is also the potential to refurbish/create a one bedroom holiday apartment, dining room, lounge bar, car park and gardens.

Tags : for saleowners and operators
Zoe Monk

The author Zoe Monk

Leave a Response

Protected with IP Blacklist CloudIP Blacklist Cloud