The new owners of the Hotel Victoria say they will use their "experience and investment to restore the hotel to its former glory"

Nicolas James Group say their aim is to "breathe new life into the site through substantial investment and redevelopment" - with details of proposals made available by spring next year.

A statement from the Nicolas James Group says they are known for their expertise in the hospitality sector and has a proven track record of acquiring and transforming iconic coastal properties. They say, recognising Hotel Victoria's rich heritage and potential, the group will leverage its experience and investment to restore the hotel to its former glory, as a cornerstone of Newquay's vibrant hospitality scene.

Details of proposals will be made available by spring 2025, with a spokesperson for Nicolas James Group adding: "This acquisition presents a unique opportunity to revitalise a cherished landmark in Newquay. We are excited to have exchanged contracts and look forward to sharing our vision for the hotel's future.

"The Directors of the vendor made the decision to close the hotel prior to purchase, due to the longstanding difficult trading conditions, with the site to now remain closed during its extensive refurbishment. While this continued closure is regrettable, it is necessary given the scale of renovations required".