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International investment firm Zeitgeist Consulting has acquired the Hand Hotel in Llangollen, north Wales, for £1.9m.
The business will be operated by hotel group Compass Hospitality with immediate effect.
The 58-bedroom property includes a bar, bistro-style restaurant, private dining rooms and conference space.
The hotel had been owned by Louise Holland and her co-directors for 25 years.
Graham and Sibbald, the chartered surveyors and property consultants handled the sale.
Martin Davis, hotel and leisure partner at Graham and Sibbald, said: “Having owned the hotel for 25 years, it was a big decision for Louise and her co-directors to sell this profitable business. However, the outcome is a testament to the continued demand for profitable, high-quality hospitality investments in the UK’s most scenic and vibrant locations.”
Holland, the former managing director, added: “Martin Davis brought serious buyers to the table without inflating expectations and provided support and clarity at every stage. We wish Compass Hospitality and the team at the Hand Hotel all the very best for the future.”
International investment firm Zeitgeist Consulting has acquired the Hand Hotel in Llangollen, north Wales, for £1.9m.
The business will be operated by hotel group Compass Hospitality with immediate effect.
The 58-bedroom property includes a bar, bistro-style restaurant, private dining rooms and conference space.
The hotel had been owned by Louise Holland and her co-directors for 25 years.
Graham and Sibbald, the chartered surveyors and property consultants handled the sale.
Martin Davis, hotel and leisure partner at Graham and Sibbald, said: “Having owned the hotel for 25 years, it was a big decision for Louise and her co-directors to sell this profitable business. However, the outcome is a testament to the continued demand for profitable, high-quality hospitality investments in the UK’s most scenic and vibrant locations.”
Holland, the former managing director, added: “Martin Davis brought serious buyers to the table without inflating expectations and provided support and clarity at every stage. We wish Compass Hospitality and the team at the Hand Hotel all the very best for the future.”
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The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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