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BLS UK Hotels Ltd has announced the acquisition of the long-established Trefeddian Hotel in Aberdyfi for a reported £6.55m, ending more than 100 years of family ownership.
The Cave-Browne-Cave family has run the hotel for generations, building a reputation as a fixture of the Welsh seaside tourism industry and attracting guests from across the UK.
Birmingham-based law firm Wilkes advised the family on the transaction, with specialist tax input from Cooper Parry and corporate finance advice from Skye Corporate Finance. BLS was advised by Gateleys.
Gareth O’Hara, senior partner at Wilkes, said: “The hotel has been a much-loved family business for over 100 years and we were pleased to support them through such an important milestone.”
Caroline Cave-Browne-Cave, former owner of the Trefeddian, added: “They guided us through the sale of our family hospitality business with amazing support. I can’t recommend them enough to any business or individual needing an outstanding professional team to guide them through any legal process.”
The sale comes against a backdrop of renewed confidence in the hospitality sector. Industry reports point to an increase in single-asset hotel transactions across the UK, underlining robust demand from both domestic and overseas investors.
BLS UK Hotels Ltd has announced the acquisition of the long-established Trefeddian Hotel in Aberdyfi for a reported £6.55m, ending more than 100 years of family ownership.
The Cave-Browne-Cave family has run the hotel for generations, building a reputation as a fixture of the Welsh seaside tourism industry and attracting guests from across the UK.
Birmingham-based law firm Wilkes advised the family on the transaction, with specialist tax input from Cooper Parry and corporate finance advice from Skye Corporate Finance. BLS was advised by Gateleys.
Gareth O’Hara, senior partner at Wilkes, said: “The hotel has been a much-loved family business for over 100 years and we were pleased to support them through such an important milestone.”
Caroline Cave-Browne-Cave, former owner of the Trefeddian, added: “They guided us through the sale of our family hospitality business with amazing support. I can’t recommend them enough to any business or individual needing an outstanding professional team to guide them through any legal process.”
The sale comes against a backdrop of renewed confidence in the hospitality sector. Industry reports point to an increase in single-asset hotel transactions across the UK, underlining robust demand from both domestic and overseas investors.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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