His­toric ho­tel and spa se­cures buyer for £3.2m

Western Mail - - BUSINESSWA­LES -

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GRYPHON Leisure has sold Stradey Park Ho­tel & Spa in Llanelli to Ster­ling Woodrow In­vest­ments off an ask­ing price of £3.2m.

The stone-built manor house, which dates back to 1912, plays host to the ho­tel re­cep­tion, main din­ing room and func­tion rooms 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.

The own­ers have taken the de­ci­sion to sell the busi­ness to semi-re­tire in or­der to pur­sue other in­ter­ests.

Ster­ling Woodrow In­vest­ments in­tend to con­tinue driv­ing the busi­ness mov­ing for­ward.

The busi­ness has been trans­ferred as a go­ing con­cern which has meant that there will be no dis­rup­tion with re­gards to the day to day run­ning of the ho­tel, ac­com­mo­da­tion, wed­ding or event book­ings.

Cor­rina Jones, se­nior busi­ness agent at Christie & Co, who han­dled the sale, said: “Christie & Co are de­lighted to have had the op­por­tu­nity to work with the own­ers of Stradey Park Ho­tel & Spa and to se­cure a buyer to take over the helm of this iconic busi­ness.”

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