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Welsh family-run seaside hotel, The Lion, has been brought to market for the first time since 1978 for a reduced asking price of £1.8m.
The hotel is located in the heart of Criccieth, Gwynedd, just a short walk from the town’s main beachfront.
The four-star property was built in the 18th-Century, but has recently benefited from a refurbishment and offers 34 en-suite letting rooms and six ‘Castle View’ self-catering apartments.
The property also includes a spacious reception and lounge, “Llewelyn’s” breakfast and dining area which is also used for conferences and events, and a 60-seat bar with an additional snug area.
To the back of the property, there is also the hotel’s popular beer garden and patio.
The hotel has been owned by the Burnett family for the last 45 years, who now wish to retire.
Sandra Burnett, the current owner, said: “The area is crying out for mainstream operators who are missing a great opportunity. The hotel increased business year-on-year for over 40 years. If I were 30 years younger, I’d not even consider selling. Time has caught up with me, but I look forward to finding a new owner who will continue the business.”
Tom O’Malley, associate director at Christie and Co, said: “Pre-Covid, the Lion Hotel would exceed a net turnover of £1.3m. It can easily surpass this now with the right operator.”
