A dream of the first ever ‘floating hotel’ in Wales was scuppered after the boat earmarked for transformation into the venue sank.
The waterfront in Swansea was to be the site of a budget hotel on a boat, with bar, restaurant, and coffee shop.
Punters would have been able to enjoy a night on the water for as little as £20, with live entertainment thrown in some times.
But the 42-metre MV Oliver Cromwell has sunk off Northern Ireland, after a battle between bidders, WalesOnline reports.
Paul O’Dwyer, Lee West and Oliver Davies unveiled plans in October 2017 to transform a boat into budget accommodation, to be located at Prince Dock in Swansea.
The ship would have been capable of hosting 49 people a night and create 12 full-time jobs.
Speaking at the time, Mr O’Dwyer said: “Our target market is budget travellers, people who would normally stay in hostels, or travelling fans for Swans or Ospreys games or stag dos.
“People these days begrudge paying £100 for a room when they will only be staying a few hours there.
“It will only be £20 a night, they will all be twin rooms and with an en-suite.
“We will be running excursions from the boat. Windsurfing and paddle boarding, and walks up Penyfan and to Penderry.
“Between all of us we have experience to cover a lot of different angles.
“There is nothing around like that at the moment which can cater for excursions so we’re going to be quite niche.”
The trio found the MV Oliver Cromwell up for sale in Gloucester and planned to bring it to Swansea to carry out the transformation.
But whilst in discussions with Swansea Council the boat was snapped up by another businessman in Northern Ireland, who acquired it with plans to carry out a similar project himself.
It was a blow to the plans for the Swansea project but there was bad news for the boat’s new owners.
After it left Sharpness Docks on its way to its new home in Ireland on May 26, 2018, it sank, about 12 miles west of South Stack near Holyhead as it attempted the crossing to Coleraine, Northern Ireland.
Mr O’Dwyer said: “What actually happened was we were pipped to the post to buy the boat.
“We went back to the vendor to buy the boat but it had been sold off to a businessman in Northern Ireland who had plans to turn it into a hotel himself.
“The next thing we knew we found out the boat sank off the north Wales coast.
“Myself and Lee decided to invest in Copper Bar in Swansea and that’s the project we’ve got on at the moment.
“We’ve put the plans for the floating hotel on hold. We’ve not put it totally to bed yet.”