The Sefton Group has take over the Gala Hilton Hotel on Douglas promenade. It will be re named with its former title, the Palace Hotel and Casino.
Its the latest in a number of recent acquisitions and developments by the Sefton Group and Graham Ferguson Lacey their executive Chairman.
The Sefton Group have opened the Sefton Express Hotel opposite the Airport and have recently applied to increase its bed spaces and also to install a restaurant.
After the closure of the Castle Mona in November last year, they bought it.
However its not expected to be open again permanently for at least another year.
Mr Ferguson Lacey:
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