Offers in for Llandudno hotels that collapsed into administration last year

Original by Owen Hughes, North Wales Live - https://www.dailypost.co.uk/news/north-wales-news/offers-llandudno-hotels-collapsed-administration-17732551

The hotels had been part of chain owned by Gavin Woodhouse's Northern Power Development

 

Offers have been made for three North Wales hotels that have been in administration for several months.

Gavin Woodhouse’s company Northern Powehouse Development (NPD) saw its hotels in Llandudno and the Conwy Valley go into the hands of administrators Duff & Phelps last summer.

It followed a probe into the finances of NPD’s hotel chain.

The seaside resort hotels Llandudno Bay Hotel, Queens Hotel and The Belmont Hotel in Llandudno have continued to trade while Caer Rhun Hall near Ty’n-y-Groes closed after Christmas.

Now administrators have confirmed that they have received offers for the three Llandudno sites.

Negotiations are now taking place with the hope deals can get over the line before the season gets into full swing this spring.

This news comes a week after Business Post confirmed a sale had also been agreed, subject to contract, for the Ambassador hotel on the seafront.

That hotel went into liquidation last autumn.

Aberconwy AM Janet Finch-Saunders said: “This is excellent news for the town, and the whole of North Wales.

“Llandudno is the beating heart of the North Wales tourist and retail economy.

“We have the premier shopping centre, fantastic sites, and a magnificent promenade.

“I am pleased that investors and visitors have confidence in our town.

“New owners will come with new ideas, which is exciting for the economy of Aberconwy.

“I would like to wish them all the best."

A spokeswoman for Duff and Phelps said: “The Joint Administrators have received offers for all three of the hotels and are currently negotiating with all the relevant stakeholders involved.”

She added: “The current status of the three hotels in Llandudno is that they continue to remain open and are trading as normal.”