Wed, 03 Oct 2018
The identity of the owners of Castle Mona Hotel in Douglas have been revealed.
Tevir Group have confirmed their acquisition of the historic seafront landmark following an investigation by the Examiner newspaper.
The company bought the historic building from the Sefton Group PLC for £1.21 million.
A spokesman for Tevir Group said: "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."
"A further announcement regarding plans for the Castle Mona site will be made in due course, the current priority is securing the building and preventing further deterioration."
The group has also purchased the former Zurich House - which in based on Athol Street.