Source - SMW
Property group Conygar said Monday it had agreed to forward sell its 80-bedroom hotel at Parc Cybi to IM Properties. 

Under the terms of the deal, Conygar would receive net proceeds of £6.9m, representing a net initial yield of 4.7%. 

The hotel is expected to be completed at the end of January 2019 and would be subject to a 25 year lease with Premier Inn Hotels Limited, Conygar said. 


At 8:27am: (LON:CIC) Conygar Investment Company The PLC share price was +1p at 173p