THE future of a troubled landmark hotel in Aberporth looks to be back up in the air after prospective buyers pulled out of a proposed sale.

The Penrallt Hotel had been on the market for offers around £500,000 through commercial estate agents Colliers International.

The hotel's parent company went into receivership two years ago and was subsequently wound up, with members of staff claiming they were owed thousands of pounds in unpaid wages. It was a major employer in the village.

The 26-bedroom hotel, which also has 11 cottage rooms and a detached leisure club, is still currently closed and receivers Frank Wessely and Chris Newell from Quantuma LLP instructed Colliers to try to find new owners for the hotel which offers a number of different business opportunities.

It looked as though a buyer had been found but those hopes appear to have been dashed and the hotel is now be available for the knockdown price of £350,000.

Colliers’ hotels director Peter Brunt said: “We issued a contract to a party some months ago following a closing date process.

“Their solicitors have not fully engaged with my clients and as a result my clients have asked me to see if there is a party who would make a fully funded offer for a quick completion under an insolvency sale contract.

“A legal pack provided to me earlier in the year is available. Two viewing days will be set up for access. Our clients are now anxious to conclude a completion of the sale and all offers will be considered.”

Set in nearly 20 acres of landscaped grounds, the Penrallt Hotel dates from the early 1900s and the eye-catching original features include stained glass windows, balconies and imposing fireplaces. The bar and restaurant overlook the terrace and gardens.

The hotel underwent a complete multi-million pound refurbishment and the leisure centre includes one outdoor and two indoor pools, two gymnasiums, a beauty treatment room plus a café bars.