Ibis Finances Newport and Lodge Ibis Swansea offered | Wales Property Information

Savills has accomplished the freehold gross sales of the ibis Finances Newport and Lodge ibis Swansea. The resorts have subsequently been leased to hybrid lease operator AGO Resorts.

The Lodge ibis Swansea includes 99 bedrooms, a 50-cover restaurant and two conferences rooms. It’s situated on the A483 which is the principle arterial highway offering entry to town centre.

The ibis Finances Newport includes 103 bedrooms, a 30-cover breakfast room and bar. The resort advantages from its from proximity to Newport metropolis centre and Junction 26 of the M4 which supplies connections to each Cardiff and Bristol.

The resorts have been offered to an unnamed personal purchaser.

James Greenslade, director within the resort capital markets staff at Savills, stated: “On behalf of our personal purchasers we’re delighted to have accomplished the sale of those two nicely linked resorts which have been added to AGO’s rising resort portfolio.

“Home shopper demand has been resilient and as numbers of worldwide travellers and dwell occasions proceed to develop, we count on resorts in areas that may service this demand to carry out nicely.”

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