Why North Wales is seeing increased hotel investment

North Wales is seeing strong hotel investment and development numbers as growing tourism numbers and high-profile attractions boost the region's appeal for growth.

One firm that has targeted the region is MBI Hotels who have already snapped up two Llandudno hotels and are keen to invest further in the region. They have opened the £6 million Llandudno Bay Hotel - formerly the Regency Royal Hotel - on the seafront and are now revamping the Belmont Hotel.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

This week Pale Hall Hotel near Bala announced plans to team up with Michelin chef Michael Caines as part of a major refurbishment under new owners.

Neil Thomson, associate director, hotels agency for the North West offices of real estate advisors Colliers International, told the Daily Post that “among the key factors behind this marked improvement are banks returning to the sector, being keen to lend on successful and profitable operations that support the debt level required and with most commercial lenders happy to consider new debt proposals with a loan-to-value (LTV) of about 50 percent to 65 percent.

Suggested Articles

The British investment group will commit the capital over the next five years to fund the hotel group’s expansion into U.K. and Portuguese markets. 

While overall cap rates are steady for U.S. hotels, some segments are sitting on shaky ground.

The Amsterdam-based company has secured €90 million in financing for developing new hotels and refinancing its existing assets in Spain.