The Coaching Inn Group acquires The Castle of Brecon Hotel in Wales
Specialist business property adviser, Christie & Co is pleased to report The Castle of Brecon Hotel in Wales has been snapped up by The Coaching Inn Group, within a few weeks of launching to the market.
Formally an 11th century Norman Castle, then an early Coaching Inn and later the residence of The Morgans of Tredegar Park, Brecon Castle retains all the warmth and character of a coaching inn mixed with the formality of a late Georgian hotel. The Regency Ballroom, with the medieval remains of the Great Hall of Brecon Castle attached, is undoubtedly one of the most attractive and historic venues in the Brecon Beacons National Park.
As historic as it is prestigious, The Castle of Brecon hotel acts not just as a tourist attraction, but also a hub of the local community and the venue of choice for many events and occasions. The hotel is formed around the original castle, which dates to 1089 and was built by the brother of William the Conqueror. It comprises of 43 guest bedrooms along with a plethora of public space including bars, restaurants and impressive function spaces that can cater for over 300 guests, all sat within the backdrop of the Brecon Beacons’ famous mountain range.
The hotel presented a one-of-a-kind opportunity for investors wanting to benefit from the millions of tourists who annually visit Brecon, a bustling market town known for its picturesque setting, local jazz festival and the many outdoor activities available. Christie & Co achieved the sale through a successful marketing campaign that reached almost 4000 users.
Richard Thomas, Senior Hotel broker at Christie and Co, who brokered the deal says, “We are delighted to have acted in the sale of such a prominent and historic hotel. The property generated a lot of interest, and the hotel was quickly secured by The Coaching Inn Group just a few weeks after becoming available, demonstrating the demand for good quality hotels in South Wales. We wish the team every success as the new custodians of such an historic and stunning venue.”
Brecon Castle Hotel was sold on a freehold basis, from a guide price of £2,600,000.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
M: +44 (0) 7721 420 656 or E: bronte.hughes@christie.com
Contact the agent:
Richard Thomas, Senior Broker - Hotels
M +44 (0) 7701 315 067
E Richard.thomas@christie.com
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