Conygar Investment gets planning permission for 80-bedroom hotel

AIM-listed real estate developer Conygar Investment said on Thursday that the Isle of Anglesey County Council has granted detailed planning permission for an 80-bedroom hotel at Parc Cybi, on the outskirts of Holyhead.

Planning application for the facility - which will also include a restaurant and bar, together with parking spaces for 84 vehicles - was submitted in August following the completion of a lease agreement with Premier Inn Hotels over the gateway. Construction is expected to take around 10 months and to begin early next year.

Chief executive Robert Ware said: "We are delighted that planning consent has been granted for this development. Premier Inn is a high-quality partner and opening a new hotel in Holyhead will provide a significant boost to the town's economy, create at least 20 full time jobs and improve the facilities available for tourists on Anglesey."

At 1430 BST, the shares were up 0.5% to 165.30p.