ONE of Newquay’s most prominent hotels has closed after being sold — putting around 60 staff into a redundancy process.

The Hotel Victoria, Bertie O'Flannigan's pub and Berties night club, the adjacent white house and Señor Dicks Mexican Restaurant in East Street are in the process of being sold to a hotelier.

Bertie O'Flannigan's pub is due to shut on Monday, November 25.

The sale has come about after the majority of the shareholders decided to get their equity out of the business following the complex losing money despite “other options being available.”

The shareholders reportedly exchanged contracts on Friday and the sale is due to be completed at the end of January.

It is understood the hotel will be kept as a going concern and will undergo a major refurbishment.

The Hotel Victoria has been run by the Taylor family since 1976. Ron and Audrey Taylor moved to Newquay in 1971 and purchased the Pentire Hotel before the Victoria Hotel. They sold the Pentire Hotel in 1988.

Their son Richard Taylor, who owns 37 and a half per cent of the business, said: “We have exchanged contracts with another buyer.

“The hotel has shut immediately, and the pub and rest of the business close on Monday. People can come in and have a last drink at the pub.

“Our belief is that the hotel is going to be refurbished. Hopefully it will all come back bigger and better than before.”