Hospitality company Four Saints Hotels has acquired The Merrion Hotel in Llandudno, North Wales, UK.
The transaction, facilitated by UK-based business property adviser Christie & Co, saw the property purchased for an asking price of £4.5m ($6.02m).
The hotel was owned by the Bream family for 75 years, and was sold by brothers Gareth and Paul Bream as they are retiring.
The Merrion Hotel directly faces the promenade, nestled within a five-storey Victorian building featuring 62 en-suite bedrooms. The majority of these rooms offer views across Llandudno Bay.
It features a bar and lounge area, as well as a restaurant open to the public.
Christie & Co associate director Tom O’Malley said: “The Merrion is one of the nicest hotels in Llandudno, and probably in the best location, making it a wonderful addition to the portfolio of Four Saints Hotels.
"I wish brothers Gareth and Paul all the very best with their retirement and thank them for trusting me with the sale of this hotel.”
Gareth and Paul Bream said: “The Bream family are pleased to announce the sale of the Merrion Hotel, through Christie & Co, to Mr and Mrs Rozek of the Four Saints Hotels. We congratulate them as the new owners and wish them every success in the future.”
The property's new owner, Four Saints Hotels, also owns Brig Y Don, Lauriston Court, and Headlands hotels in Llandudno.
Four Saints Hotels director Shoukry Rozek said: “We are delighted to welcome Merrion Hotel into the Four Saints Hotels family. I want to extend our heartfelt gratitude to the Bream family for their decades of exceptional stewardship and to all the legal, financial, and professional advisors who made this transaction possible.
“This acquisition strengthens our position in Llandudno's hospitality market and creates exciting opportunities for our guests and team members. We look forward to building upon Merrion Hotel's strong foundation while maintaining the high standards of service that define our group.”
This acquisition follows Christie & Co recent announcement of facilitating the sale of the Mour Hotel, a boutique-style establishment near Nottingham, UK.
"Merrion Hotel joins Four Saints Hotels portfolio" was originally created and published by Hotel Management Network, a GlobalData owned brand.
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