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LQ Resorts has acquired the Parkway Hotel and Spa in Cwmbran, expanding its UK portfolio with the support of a seven-figure loan from the Development Bank of Wales.
The 80-room hotel, set within more than seven acres, has been purchased with funding provided through the Wales Tourism Investment Fund.
The Wales Tourism Investment Fund is financed by the Welsh Government and provides loans of between £100,000 and £5m for tourism projects that align with government priorities, including high-quality visitor experiences and distinctive accommodation.
The Parkway Hotel and Spa is a long-established venue for spa breaks, conferences, weddings and leisure stays.
The hotel becomes the latest site operated by LQ Resorts, which already runs three destination resorts, including a flagship property near the Welsh border between Oswestry and Wrexham.
LQ Resorts said it has already begun upgrading the site, including installing new gym equipment and refurbishing the bar area, with further investment planned.
The acquisition was supported by funding from the Development Bank of Wales, allowing the existing team to be retained and improvements to begin immediately.
Colin Jenno, director at LQ Resorts, said: “The Parkway Hotel and Spa was a natural fit for us. Its established spa and strong local reputation align perfectly with our resort model. We value its family-run heritage and will continue to empower local managers to maintain the loyal customer base while we invest in future growth.”
Clare Sullivan, regional manager for new investments at the Development Bank of Wales, added: “LQ Resorts has built a strong brand with a reputation for high-end service at their existing chain of spas, and the acquisition of the Parkway Hotel and Spa is a great addition to their portfolio.”
