The Port of Milford Haven has purchased one of Pembrokeshire’s most prestigious hotels.
The investment in St Brides Spa Hotel in Saundersfoot includes a management agreement with The Celtic Collection to manage and operate the hotel on the Port’s behalf.
Together with Ty Hotel Milford Waterfront, this adds another quality offering to the Port’s hospitality and tourism portfolio and strengthens the range of profitable investments linked to its diversification strategy.
For more than ten years the Port has been actively pursuing a strategic objective to reduce its dependency on the oil and gas sector and seek out additional revenue streams that provide long term, stable, financial resilience for the business.
Tom Sawyer, Chief Executive at the Port of Milford Haven, 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 top five UK destination choice.
“Historically, we have been highly dependent on the oil and gas sector, a commodities market that is prone to fluctuation and outside of our control. But over the last decade, though a diversification strategy focused on developing and building our business based upon high levels of expertise and excellent facilities, we have successfully created new opportunities in port services, renewables and engineering at Pembroke Port, and hospitality and tourism at Milford Waterfront.
“The continuing success and growth of St Brides Spa Hotel brings economic, social and cultural benefits to the whole of Pembrokeshire whilst at the same time strengthening the Port’s financial resilience. This is exactly what our Trust Port status is about: investing profits for the benefit of future generations.
“This investment in no way undermines our ability to invest in our core purpose to operate the UK’s largest energy port safely, effectively and responsibly, which will always remain our primary focus.”
The Port said the transition to the new ownership and management would be seamless with no detrimental impact on guests and the jobs of all current St Brides team members safeguarded.
The Celtic Collection Chief Executive Ian Edwards said:
“We are excited to be taking on the management of St Brides Spa Hotel and expanding our partnership with the Port of Milford Haven to deliver more exceptional hospitality in Pembrokeshire. St Brides is a very successful business that has established itself as a spa destination of real prestige in a wonderful location. We look forward to working with the hotel’s talented and experienced team of staff and welcoming them into the Celtic Collection family as we seek to build on this strong platform and grow the business further.
“We know all about the beauty and the draw of Pembrokeshire to visitors from all over the world from our experience of the last two years operating and growing the Tŷ Hotel Milford Waterfront. This is a fantastic opportunity to immerse ourselves further in the Pembrokeshire community, working closely with local suppliers and businesses, and delivering positive impacts for the local economy.”
The Port of Milford Haven worked with Hugh James for legal support during the purchase.
Gerallt Jones, Partner and Head of the Corporate/Commercial team, Hugh James said:
“We're thrilled to collaborate again with The Port of Milford Haven to support further investment in the hospitality and tourism sector in South Wales. After supporting the Port on its first hotel investment at Milford Waterfront, we have no doubt that the acquisition of St Brides Spa Hotel, with its iconic infinity pool known around the world, will be equally as successful. We're excited to see the diversification of the Port and the additional benefits its partnership with The Celtic Collection will bring to this stunning coastal area.”
