30 Jun '17, 5pm

Torquay's Palace Hotel has been sold to a Singapore company

Torquay's Palace Hotel has been sold to a Singapore company

One of Torquay's biggest hotels has been sold for an undisclosed sum to a Singapore investment company. The iconic 4-starPalace Hotel has 141 bedrooms and it is set in its own golf course with swimming pools and tennis courts in 19 acres. The Torquay Palace Limited, represented by Savills, has sold the Palace Hotel to the Singapore based Fragrance Group for an undisclosed sum. It comes shortly after a trio of top Torbay hotels were sold to international investors for a total of £12.5million.The Duchy Hotel Group sold The Headland Hotel in Torquay and Paignton's Palace Hotel and Queens Hotel to a South African company. The sale also comes less than a year after the purchase of the town's Imperial Hotel by the Brownsword Hotel Group also for £12.5million and is being hailed as a positive sign for the area's tourism industry. Fragrance Group Limited is an investment holding c...

Full article: http://www.devonlive.com/torquay-s-palace-hotel-has-been-...

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