Travelodge, Llandudno
Sector
Property
Deal Type
Hotel
Initial Investment
March 2013
Transaction size
£4.6m
Location
Llandudno
Maven Office
Glasgow
In March 2013, Maven clients invested £4.6 million to acquire the former Clarence Hotel in Llandudno, North Wales. The property had been vacant for some time. The existing structure was comprehensively refurbished, along with a limited new-build on parts of the upper floor, to provide 82 en-suite bedrooms to Travelodge’s specifications with a further two retail units on the ground floor.
The Travelodge Llandudno opened to the public in March 2015, and continues to trade strongly.