The Bulldog Hotel Group has secured its eighth property with the acquisition of the Royal Oak Hotel in Welshpool, Powys.
The deal, for an undisclosed sum, is part of a planned £20m expansion by Bulldog which follows a £4.5m investment from the Business Growth Fund.
The 25-bed, Grade II-listed property will now undergo a complete refurbishment of its bedrooms, while the food and beverage areas of the hotel will receive a “lift”.
Kevin Charity, founder and managing director, said: “We have ambitious plans for the next few years and the Royal Oak is a great example of what we do. Based just four miles from the English border, the Royal Oak is clearly the focal point of the town and has for centuries been the hub for visitors and local residents alike.
“We will invest in all areas of the hotel, which will complete the refurbishment of bedrooms started by the previous owners and provide a lift to the food and beverage operation which we see as a real opportunity. There is already a great core trade and so we are excited to see where we can take it.”
The Royal Oak hotel has welcomed many visitors over the years including Her Majesty the Queen, who dined at the hotel in 2010 when she visited the town for the opening of its indoor cattle market – now one of the largest in Europe.
