One of Wales's most iconic hotels up for sale for first time in nearly 40 years

One of Wales's most iconic hotels has been put up for sale. Christie & Co has announced Lake Vyrnwy Hotel & Spa in Powys, has come to the market.

Featuring 52-bedrooms and extensive function and spa facilities, the hotel has built a reputation as one of the most pre-eminent venues in Wales. The hotel has been independently owned and operated by the same family for 37 years, who have been responsible for substantially upgrading the hotel facilities and expanding the range of services on offer to guests, significantly increasing and diversifying the hotel’s customer base.

This hotel is set in 30 acres above the beautiful and unspoilt Lake Vyrnwy and has considerable further development potential. As custodians of the hotel, the family now feel the time is right to step back and hand over to new owners to further develop and enhance this highly successful business for the future.

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Current owner, Brian Bisiker said: "Whilst it is of course sad to be selling a business with which the family have been involved with for many years, now is the right time. The business is very well positioned for a new owner to further develop and enhance in this amazing location. Most importantly we would like to thank the staff, with whom we have shared this memorable journey, for their hard work and dedication over the years.”

Ed Bellfield, Regional Hotel Director at Christie & Co, who is handling the sale, added: “The sale of Lake Vyrnwy Hotel & Spa represents an exceptional opportunity to acquire a highly successful business with significant repeat patronage and high occupancy.

"The reputation and success of the business is testament to the continued re-investment and family stewardship over recent decades, combined with its enviable and iconic location on the banks of the Lake Vyrnwy. With so much further potential for a buyer, Lake Vyrnwy Hotel & Spa is very much one of those “must visit” opportunities. We wish Brian well on his retirement and the closing of a long-established chapter.”

The hotel is being sold freehold off a guide price of £7.5m

History of the site:

In 1890, the Liverpool Corporation set about building the hotel in order to entertain dignitaries and other special guests who came to admire the engineering marvel of the newly built Lake Vyrnwy dam and reservoir, which flooded the village of Llanwddyn, which was relocated.

After the Second World War ended, Ruth Moir and Squadron Leader James Moir visited the hotel in 1945, eventually taking up tenancy in 1949. They were then joined in partnership in 1972 by Colonel John Baines, and in 1985, Ruth and Sir John purchased the hotel from Severn Trent Water.

The Bisiker family became the hotel’s third owners in 1987. The hotel underwent some major refurbishments, and in 1995, they added eight large and luxurious bedrooms, as well as a conference and banqueting suite. The old coach house was also redeveloped into the Tavern Bar, which to this day continues to provide visitors with a relaxed bar area and lakeside views from the terrace.

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