This is very interesting, and positive, news for the Grand Theatre:
Broadway Boulevard purchase was decision of the "heart"17:18, 21 MAY 2015
BY OWEN HUGHESNew owners now want the community to help them decide what to do with the old Grand Theatre site that has been closed since 2013
The new owners of the former Broadway Boulevard nightclub in Llandudno say they will work with the community to decide what to do with the “iconic” site.
MBI Hotels, part of the MBI Consulting group, have bought the landmark Grand Theatre for £140,000 but said their purchase was a decision of the “heart” rather than their normal commercial deals.
The nightspot closed in June 2013 after parent company Atmosphere Bars and Clubs went into administration.
The Grand Theatre site - a Grade II listed building was initially put on the market for £750,000 but this was reduced £500,000 last year.
It then sold at auction with Allsops in London for £140,000 in March and yesterday the Daily Post confirmed MBI had bought the site.
Simon Moppett, the managing director at MBI Hotels, said they were now open to various options for the site as some type of community facility, including the possibility of bringing back a nightclub if that is what people wanted.
The company is behind the multi-million pound projects to transform the Royal Regency Hotel into the revamped Llandudno Bay Hotel and Spa and the Belmont into the Heritage Hotel but said their plans here would be for a community facility.
He said: “This is not like our normal investments which are hotels and care homes.
"There is history with this site, our overall MD met his wife here and I have also worked for the company that once ran the club, so this is very much personal.
“Llandudno is an easy place to fall in love with and this is an iconic site in the town. We want to be part of preserving all that is special about Llandudno.
“We have an open mind about what we will do with the site and various options will be considered and we are prepared to listen to what the community wants here. It could return as a nightclub if that is what people want.
“This will take time and this will take money but the one thing people can be assured of is that our heart is in the right place.”
http://www.dailypost.co.uk/business/business-news/broadway-boulevard-purchase-decision-heart-9306588