Tevir Group confirms purchase of Castle Mona

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.