The Port of Milford Haven has acquired one of Pembrokeshire’s leading hotels as part of its diversification strategy. The St Brides Spa Hotel in Saundersfoot will be managed and operated on its behalf by the Celtic Collection - whose portfolio also includes the Celtic Manor Resort in Newport, the Parkgate in the centre of Cardiff and the Ty Waterfront at Milford Haven which is also owned by the port company. The value of the acquisition of the 34-bedroom hotel has not been disclosed.
Over the last decade the port has been actively pursuing a strategy of reducing its dependency on the oil and gas sector. The value of the acquisition has not been disclosed. Read More: The hotel acquisition comes after the port secured a new £40m funding line from HSBC to support diversification investment.
The port, which has been granted freeport status alongside the port of Port Talbot - under the Celtic Freeport banner - is also looking to exploit commercial opportunities from new Crown Estate licences for major floating offshore windfarm projects in the Celtic Sea. Chief executive of the Port of Milford Haven, Tom Sawyer, said: “We are proud to, once again, be partnering with The Celtic Collection to deliver another high-quality hospitality and tourism offer in Pembrokeshire. This latest investment in St Brides Spa Hotel allows us, through our partnership, to promote the fantastic coastal community of Saundersfoot and support Visit Pembrokeshire’s ambition for the county to become a .
