Newport's Celtic Manor Resort buys rival Hilton
- Published
The Celtic Manor Resort and Hilton are both situated on junction 24 of the M4
Newport's Hilton hotel has been bought by nearby rival Celtic Manor Resort.
The 148-room Hilton will continue to be run as a hotel under a new name which has not yet been confirmed.
The exchange of contracts is set to be completed on 31 March.
Celtic Manor Resort chief executive Ian Edwards said: "We are extremely pleased to be exchanging contracts to acquire Hilton Newport and look forward to working with the experienced team there."
