Publicly listed developer, Conygar Investment Company, has exchanged a lease agreement with Premier Inn Hotels for an 80-bedroom hotel, restaurant and bar at Parc Cybi, Holyhead. The lease and construction of the hotel are conditional on planning approval.
Robert Ware, chief executive of Conygar, said: “We are delighted to have agreed terms with such a high-quality partner and are keen to start construction work as soon as possible. Premier Inn is the UK’s largest hotel group and their hotel in Holyhead will provide a valuable boost to the town and tourism on the Island.”
Parc Cybi is a strategic 120-acre employment development for North West Wales, facilitated by the Welsh Government.
The first phase has received full planning permission and will incorporate a 30,000 sq ft office scheme, and 109,000 sq ft of industrial units.
Parc Cybi is located on the southern edge of Holyhead alongside the A55. The development benefits from a direct connection to the A55 via Junction 2. Parc Cybi is situated in an area of outstanding natural beauty and will integrate with its surrounding context and generate sustainable employment opportunities for the local area.
Legat Owen and Richard Baddeley & Co are the letting agents.