The Lion Hotel, North Wales - FOR SALE

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Property Id : 37139
Price: 1,800,000 GBP
Rooms: 40

Christie & Co has brought to the market The Lion Hotel, located on the Llyn Peninsular in North Wales.

Dating back to the 18th century, this ‘Inn on the Green’ in the heart of Criccieth has 34 en-suite letting bedrooms over four floors with lift access and an annex with six recently created self-catering suites.

Public areas are located on the ground floor and include a large dining room and public bar with snug. External areas include outside seating and car park.

A family run hotel for almost 45 years and a retirement sale, this 4-star hotel has been recently refurbished throughout and comes to the market in excellent condition.

Located centrally within the small seaside town on the Llyn Peninsular, Criccieth is popular with tourists due to the beautiful surrounding beaches, and castle ruins. The area attracts thousands of visitors, drawn for the breath-taking views, tourist attractions, numerous steam railways, many golf courses and the Coastal Path. The town is also an excellent base for outdoor enthusiasts to visit some of North Wales adrenaline attractions such as Surf Snowdonia, Bounce Below and Zip World. All of these guarantee a steady flow of trade throughout the season. Criccieth is approximately five miles from the Snowdonia National Park and is easily accessed from the A487, a major road through North Wales.

Key Features:

*Popular seaside hotel
*34 letting bedrooms
*Separate annex with 6 self-catering apartments
*Turnover £870,959 with gross profit of 90.2%
*Net profit of £148,424 and EBITDA of c. £295,000
*Dining room (100), bar and snug (80)
*Beer garden and patio, parking for 23 vehicles (3 x EV chargers)
*Close to Snowdonia National Park. Energy Rating C

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Tom O’Malley