It’s part of the RED fund, managed by Ravenscroft, which focuses on property development

Pictured: The RED fund owns the former L’Eree Bay Hotel.
The west coast site was a hotel, formerly owned by Randalls, with more than 30 rooms, before its closure in 2020. At the time the closure was attributed to the hotel not being economically viable.
Since then the property has fallen into a derelict state with hoardings restricting access to its carpark and grounds.
No plans for the site were announced immediately, but last year permission was granted for 14 local market properties to be built there.
This was to be include two one-bed, nine two-bed, and one three-bed flats, and one two-bed and one three-bedroomed house.
A fresh planning application has now been submitted to demolish the existing building, outbuildings, and substation, and alter the vehicle access. The hotel building could be replaced with three buildings to contain 15 flats, and two outbuildings to the east of the existing property.

Pictured: The new planning application was submitted in July.
The planning application is now online, with the planning consultation period underway for two weeks.
Any comments must be submitted by Thursday 15 August 2024.
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L’Eree Bay Hotel could become flats