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Grade II listed Building in Gwynedd Six-figure Commercial Mortgage from HSBC

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A Grade II listed building in Harlech, Gwynedd, which has dramatic sea views of the Lleyn Peninsular, has been bought and converted into a five-star luxury Bed & Breakfast with the support of a six-figure commercial mortgage from HSBC.

Crown Lodge, which was built in 1903 for Thomas More, the Crown Agent for Wales, is now owned by Mr and Mrs Rosser who bought the property in January 2016. Using funds from the sale of their house and by releasing equity from another hotel business in Llanfyllin, the Rosser’s were able to fund the remainder of the purchase price and carry out an extensive 14-month restoration project.

Between 1949 and 2014 the striking stone building was owned by Harlech College and used to accommodate students. Since the Rosser’s acquired the property, 11 bedrooms have been reduced to four luxury letting rooms and private accommodation for the couple, who have restored the property to re-introduce many of its original features.

Mark Rosser, co-owner of Crown Lodge, said:

“Linda and I have worked with HSBC since we opened our first hotel 13 years ago, but after all that time we both fancied a new challenge. We were so pleased when we found our second hotel, Crown Lodge, and our relationship manager Nick Shannon was incredibly supportive of our plans to grow the business and bring this beautiful old building back to life. It hasn’t been properly lived in and loved since 1949 when it was sold by the Crown, so we’re delighted to have been given the opportunity, made possible by support from HSBC.”

Martin Lyons, HSBC’s Area Director for North Wales, commented:

“Crown Lodge is a landmark building in Harlech that is steeped in a rich history. HSBC has particular expertise in the hospitality and leisure industries so when the right property came about, we were able to move quickly to put a facility in place that suited Mark and Linda’s own funding arrangements and that would support them with their ambitious plans.”

Crown Lodge is set in four acres of land within walking distance of the medieval Harlech Castle, built in in 1283, and the town centre. Guests of the B&B can easily reach attractions such as St David’s Golf Course, Snowdonia National Park and Ffestiniog Railway.