A HOTEL situated near Bala has been put up for sale, with offers in the region of £6million being invited.
Estate agents Savills have been appoint to sell the freehold of Palé Hall Hotel and Restaurant, nestled in the Dee Valley, on the edge of Eryri National Park.
The hotel, which dates back to 1871, underwent a significant refurbishment in 2015, and comprises 22 bedrooms as well as an AA five red star restaurant.
Set within roughly 50 acres of landscaped gardens, the hotel is arranged across basement, ground and two upper floors.
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It includes a grand hall, traditional reception room with views of the gardens, a library, bar, dining room, fine dining restaurant, breakfast room, staff accommodation, and 22 individually designed ensuite bedrooms.
Tom Cunningham, director of Savills, said: “This is an excellent opportunity to acquire the freehold to a luxury, impeccably designed hotel which is finished to an exceptional standard and has strong fundamentals to provide a good return on investment.
“The hotel is the only one of its kind in the area and attracts visitors from all over the globe.
“There is also existing planning permission to re-develop two further outbuildings into serviced units, which could provide an extra three to five rooms or spa facilities.”
The property also benefits from a hydroelectric system, which was originally installed in 1921 and was upgraded with a new turbine in 2017.
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