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Enterprise minister welcomes Sefton sale

Government loan liability to transfer to new owners

The Department for Enterprise has confirmed it's consented to Sefton Group's loan being transferred to the new owners of the Sefton Hotel.

A letter sent to shareholders outlines details of the agreed sale of the premises for £7.6m to Douglas Hotel Holdings Limited.

In a statement to Manx Radio, the Department says it's given permission for the loan liability to be moved to the new owner.

The hotel received a grant around 10 years ago for the development of tourism premises.

Enterprise Minister Laurence Skelly welcomed the news:

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