Cardiff boutique hotel sold to former Park Plaza GM’s investment group

UK: A group of investors led by former Park Plaza Cardiff GM Hugh Hilary has bought Jolyon’s, a boutique hotel in the city.

UK: A group of investors led by former Park Plaza Cardiff GM Hugh Hilary has bought Jolyon’s, a boutique hotel in the city.
 
The group plans to rename and renovate the Cathedral Road property. It includes Hilary’s brother Michael and founder of Intercity Removals, George Enescu. Mervyn Joseph, a former director of the company, is the fourth investor. Newport-based law firm Harding Evans acted for the investors in acquiring the majority shareholding in holding company Green Hotels Ltd.

The group has appointed the current operations manager at the Park Plaza, Jordan Lewis, as the new general manager.

Newport-based Harding Evans Solicitors advised the investors on the purchase of the hotel.

Hugh Hilary said: “Jolyon’s is a great hotel with huge potential. This, combined with its proximity to the city centre, is what made it such an appealing investment. We’re hoping to start on the refurbishments in early 2017 and give the hotel more of a luxury-feel, with a focus on improving the lobby and the banqueting areas. We’re also planning to rename the hotel. We haven’t decided on a name yet, but the favourite at the moment is No.10, to keep an element of the existing branding. Having run hotels for other hotel groups and private individuals, I’m very excited to be involved for the first time in my own project. The opportunity to purchase the majority share only came up three weeks ago, and we’re very grateful that HardingEvans were able to turn the deal around in such a short space of time.
 
Mike Jenkins, partner and head of commercial at Harding Evans, said: “We have worked with Hugh on many occasions in the past and were delighted to provide the legal advice and support needed to conclude his latest commercial venture.The three-week turnaround made it a challenging brief but Hugh and his team were a delight to work with and we wish him and the whole team at Jolyon’s every success for the future.”

The value of the deal has not been disclosed.

jolyons.co.uk

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