Wed, 13 Nov 2013 | BUSINESS SALE
A hotel, which sits at the heart of Wales’ smallest city St David's, has been placed on the market for £750,000.
Colliers International has been tasked with selling the three-star, 16-bedroom hotel, which has only changed hands once in the past 60 years.
The Old Cross Hotel, which opens its fully licensed bar and restaurant to residents, locals and visitors, faces the Cross Square – the centre point of the city.
The hotel last switched owners in 2002, and the previous owner had run the hotel since 1956. The building itself dates back to 1766, and the original building may have been constructed at an earlier date that century.
Hotels director from Colliers International Peter Brunt noted: “The Old Cross fits neatly into the middle market with strictly limited competition. With 16 simple but comfortable bedrooms it’s perfect for the many guests that stay and the popular public areas cater for residents and non-residents alike.
“It also offers clear opportunity to increase profits. The pretty garden is a real draw and could be exploited further to take advantage of the central position and all-year round visitors to the city.”
Mr Brunt is optimistic about the level of interest the sale will attract.
Visitors to the area come for the Pembrokeshire coastline and sandy beaches for walking or sightseeing holidays.
The area was given city status by Queen Elizabeth II owing to the presence of the St David’s cathedral, which was a draw for pilgrims in the middle ages as well as modern day visitors.
____________________________________________________________________________
Related information:
Contact the seller of this hotel
Lifestyle businesses for sale
Represents an opportunity for a hospitality acquirer seeking a restaurant with additional takeaway in Harrow.
LEASEHOLD
Wedding venue business with accommodation and large restaurant for sale in Cambridgeshire. With a capacity for up to 110 wedding guests, the16th Century traditional building boasts original features, open fireplaces, exposed beams and elegant interio...
LEASEHOLD
Restaurant for sale in Hartley Wintney, Hampshire. Offering a 3-bed flat, a large car park, and a detached property.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.