Cabinet agrees to purchase former Rhyl hotel to continue town's regeneration
The redevelopment of Rhyl has taken a significant step forward with plans to breathe life into the town’s Queens Market and a former hotel.
Denbighshire County Council’s Cabinet has agreed to purchase the former Savoy Hotel on West Parade as well as an option to buy the Queens Market, Theatre and Hotel within three years.
Cllr Hugh Evans OBE, leader of Denbighshire County Council, said: “These buildings are substantially vacant and in a poor state of repair and condition.
“The Council wants to bring this critical element of the town centre back into productive economic use to provide new employment and business opportunities.
“Along with the investment the Council is making on Rhyl’s waterfront, with the creation of the £15million SC2 waterpark, we believe this will act as a primer to stimulate the private sector to undertake further investment in the town.
“We are looking to provide a mix of uses to provide a sustainable and economically viable town centre for the future.”
Approval is based on all costs being externally funded and the Council has applied for a Building for the Future grant from the Welsh Government and Welsh European Funding Office to cover the cost of the project. If grant funding is not forthcoming, the acquisition will not proceed.
Plans for the vacant former Savoy Hotel and Amusement Arcade will see the Council work with a development partner to find a new use for the site.
Cllr Julian Thompson-Hill, the Council’s lead member for Finance, Performance and Strategic Assets said: “We believe this area is key to the redevelopment of Rhyl town centre and to increase, and sustain footfall as well. The site is key to helping connect the town centre to the new waterfront developments
“The ongoing redevelopment of Rhyl is part of the Council’s corporate priorities to capitalise on Denbighshire’s economic potential.”