By Michele Maatouk
Date: Monday 03 Jul 2017
LONDON (ShareCast) - (ShareCast News) - AIM-listed Conygar has exchanged a lease agreement with Premier Inn Hotels to construct an 80-bedroom hotel at its gateway site at Parc Cybi, Holyhead, in Anglesey.
The lease and construction of the hotel are conditional on planning approval.
Chief executive Robert Ware said: "We are delighted to have agreed terms with such a high-quality partner and are keen to start construction work as soon as possible. Premier Inn is the UK's largest hotel group and their hotel in Holyhead will provide a valuable boost to the town and tourism on the Island."
The shares were untraded on Monday.
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