Property

Ivy Bush Royal Hotel sold to international group operator for £2.7m

The Ivy Bush Royal Hotel in Carmarthen, Wales, has been sold to Compass Hospitality Holdings (UK) off a guided price of £2.7m.

The business will continue to be managed by existing staff under the direction of the new owners, which operates hotels in Thailand, Malaysia and the United Kingdom. The property will be part of the company’s portfolio of 16 hotels in the UK and operating as its second hotel in Wales, alongside the Citrus Hotel in Cardiff.

The hotel includes a range of bar, restaurant and private function spaces, plus leisure facilities such as a gym and sauna. The outdoor space comprises gardens, external dining trade areas and a private customer car park for up to 90 vehicles.

Previous owners and directors of The Ivy Bush Royal Hotel, Paul and Ann Jaycock said they have “continually invested in the business” over the years to create a “high quality 3 star hotel”.

Paul Jaycock said: “After 28 years of active ownership of a number of hospitality businesses in Carmarthenshire and Ceredigion, Ann and I have decided to retire. We would like to thank all staff and customers of the hotel over the last 15 years for their loyalty and support. We would also like to wish the new owners every success in this venture.

Harmil Singh, CEO of Compass Hospitality, added: “Our maiden entry to Wales in Cardiff has proven to be extremely successful and we are pleased to further expand our business in Wales.

“While the Ivy Bush Royal Hotel is already performing very well, particularly in the F&B sector, we feel there is upside opportunity to further grow the business through synergies with the other hotels in our portfolio as well as a strategic refurbishment programme.”

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