An estate agency in Lancashire has been taken over by a hotel group, which pledges to expand and create more jobs.
Mikhail Hotel and Leisure Group is to takeover David Davies estate and letting agents in St Helens.
The firm plans to make its new acquisition one of the largest agencies in north west England.
Mikhail has become a major investor in the region’s hospitality and property sectors and recently bought one of Europe’s biggest gaming arcades in the area.
David Davies Sales & Lettings is one of the oldest sales and lettings businesses in the North West and was founded by the late David Davies in 1981.
Mikhail has now joined this brand alongside David’s wife, Paula Davies, who remains in place as an executive director of the company.
Andrew Mikhail, chairman of MHALG, says: “I am very excited to have bought such a prestigious business in St Helens and keeping Paula involved in the business was crucial to me. Paula was David’s rock both within and outside of the business for the last 21 years until his untimely death last year.
“I got to know David and Paula extremely well in the later years as I used their services and was so impressed with the way that they conducted their business that it was such an easy decision to make the purchase.
“I will grow David Davies to become one of the largest Sales and Letting agencies in the North West, growing a business on a 40 year solid foundation, thanks to David and Paula Davies and their team, makes my goal achievable.”
Paula Davies adds: “David Davies is a great business with brilliant staff who have worked with us for a long time, but we have been through a lot in the last 12 months and it’s a credit to the team that we are in such a good position now.
“David and I have known Andrew for many years and know he can offer the company a bright future. He has a lot that he can bring to the business, but importantly for us, he acknowledges the existing brand and wants to take that further.
“It’s already a very strong St Helens brand but there are now big plans for the business, and I’m delighted for the staff because they really deserve for this to happen.”