The new owners of the Castle Mona Hotel have been revealed.
The Tevir Group has bought the historic building in Douglas from the Sefton Group PLC for £1.21 million.
In a statement released by the new owners, they say they 'respect the historical significance of the building' and have confirmed emergency repairs have begun.
As well as buying the Castle Mona, the group has also purchased the former Zurich House - which in based on Athol Street.
Two Manxman crossings called off
New warning for coastal overtopping at high tide
Government wants to re-roof governor's home
EVF to roll out body cameras to all Island stores
Good news for Island's Vinted sellers!
Ferry sailings under threat this week
Mountain Road gritting gets underway
Civic Amenity Site issues statement after former manager admits fraud