I noticed this and must admit, I think it's always annoying when article titles are written like this. It maybe should have just said 'Imperial Hotel Building Sold' because that's all that has happened.
As for Colwyn Bay, I think it's a bit early to say 'business is booming'. I really hope it is as it would be great to see the Bay back on the way up. I must say though, last time I was there a few months ago, I was pretty shocked by it. Even compared to when I used to go there regularly in the early to mid 90s, it seems worse today.
Some of the buildings have been done-up beautifully though. I think part of the problem is the people you come into contact with. It's a shame that some of those now displaced from the worst parts of Rhyl by regeneration are moving in ever greater numbers to Colwyn Bay. Subhumans might be too strong a term, but.....