The Tevir Group confirms the purchase of the former Castle Mona Hotel in Douglas, Isle of Man from The Sefton Group PLC.
The Group recognises and respects the historical significance of the building and work has commenced to undertake emergency repairs to the property, which has lain empty since closing in 2006.
The Tevir Group is based in the Isle of Man and has a number of different interests. It will be undertaking development projects in the Island that generate a positive impact for the benefit of Manx residents, Manx businesses and the broader Isle of Man economy.
Date: 2nd October 2018
Tevir Group continue to invest heavily in creating desirable, high quality commercial spaces for Isle of Man-based businesses. The 55 Athol Street development is proving very popular and there's a colourful new addition inside the property....
The Tevir Group says that its immediate priority for the former Castle Mona Hotel is to secure the building from further deterioration....
Tevir are delighted to support the IOM Foodbank who offer continuous support to the Island's community...
Should you have any questions, please feel free to get in touch with our team.