Reputable wedding venue on the market through Christie & Co
Specialist business property adviser, Christie & Co has brought to market the stunning Stradey Park Hotel & Spa, which is situated on the Loughor Estuary in Llanelli overlooking the Gower coastline.
The four-star hotel benefits from a loyal clientele and attracts many tourists visiting the area’s sites, including the renowned Jack Nicklaus Golf Course and Parc y Scarlets Stadium, and also maintains an enviable reputation as one of the finest award winning wedding venues in South West Wales.
Stradey Park Hotel & Spa is a well-presented property arranged over four floors with an abundance of character. The hotel reception, main dining room and function rooms are located within the original stone built manor house, which dates back to 1912 and was originally owned by local industrialist, Alexander Raby. In 1974, the hotel was further extended and now boasts 77 well appointed en suite rooms, conference and meetings rooms, spa facilities and treatment rooms.
Gryphon Leisure Ltd has owned the hotel since 2000 and are now looking to semi-retire to pursue other interests, presenting a new owner with the rare opportunity to acquire a well-established and reputable business providing high quality accommodation and service.
Angela Saunders of Gryphn Leisure Ltd comments, “We’ve loved every minute of our 18 years here. We had to reinvest heavily in the building when it was first bought and have continued to improve it, with the spa being one of the newest successful additions, and we’re about to open a new rooftop restaurant, The 1912, within the next couple of months.
“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."
Christie & Co is seeking an asking price of £3,800,000 for the freehold interest.
