4th Mar 2019 12:14
LONDON (Alliance News) - Conygar Investment Co PLC on Monday said it completed the sale of an 80-bedroom hotel at Parc Cybi, Anglesey, north west Wales, for net proceeds of GBP6.9 million.
The hotel is subject to a 25 year lease with Premier Inn Hotels Ltd.
"We are pleased to have completed the sale of this development project on schedule. The funds generated by this disposal will be recycled within the group and used in future acquisitions or the development pipeline," Chief Executive Officer Robert Ware said.
Conygar shares were trading up 0.8% at 155.75 pence each.
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