The FINANCIAL - ‘Welsh Versailles’ bought for £1.5m

‘Welsh Versailles’ bought for £1.5m

10/12/2011 02:18 (172 Day 10:40 minutes ago)

The FINANCIAL -- A Victorian mansion described as the "Welsh Versailles" looks set to be turned into a hotel after it was sold for £1.5m to a mystery buyer.

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The deal for Kinmel Hall at St George, Conwy, was sealed by a businessman minutes before it was due to be auctioned, according to the BBC.

The 122-room property has permission to be turned into a hotel. Two international hotel groups had shown interest in buying the 1850s building.

Property consultants Lambert Smith Hampton said the businessman bid closest to the £1.5m guide price.

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