Colliers UK are offering for sale The Wynnstay Hotel.
The hotel occupies a prominent position in the centre of the attractive town of Machynlleth. Much improved in recent years by the current owners, it provides an interesting array of public area that interconnect and are used as lounges a bar and restaurant that together total around 150 covers and that is without a former pizzeria that has its own entrance and could be used for more income generation.
With the almost 40 covers that this could provide total covers are close to 200 on the ground floor.
A gateway to southern Snowdonia, Machynlleth is an historic market town, the ancient capital of Wales in the famous Dyfi Valley. The coast lies a short distance to the west, and the town is surrounded by mountains. There are rail links to London and Birmingham and the town is sometimes dubbed the “alternative capital of Wales” due to the large number of people who have settled in the area to pursue rural, creative and alternative lifestyles. Machynlleth has attracted a lot of smaller green and creative businesses, a number of which are important customers for the hotel. The area has a rapidly expanding renewable energy industry with several small to medium sized companies operating in or around the town.
There is a busy weekly market, a summer carnival, a music and arts festival, a rugby sevens tournament and the Glyndwr festival.
Tourism is the primary employment sector with a wide range of activity-based attractions including mountain biking trials. Tourist attractions in Machynlleth include The Museum of Modern Art (MOMA) Owain Glyndwr’s Parliament House, King Arthur’s Labyrinth and the Corris Mine Experience.
• Prominent and well presented former coaching inn
• Lounges and bar for c85 plus Restaurant for 70
• 24 letting bedrooms
• EBITDA £119,620 on £647,946 net sale in YE March 2019 (slightly COVID affected)