Brett Martin
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Richard Hill
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Palace Holdings Limited is the Isle of Man’s largest hotelier and only terrestrial casino operator. We also operate a cinema, a health club, and provide conference, banqueting and event services.
Our key operations include the 102-bedroom Sefton Hotel and the 135-bedroom Best Western Palace Hotel & Casino, both located in the capital, Douglas, with the 33-bedroom Sefton Express located close to the Island’s airport Ronaldsway.
Across our group of companies, we employ approximately 250 staff, generate about £12m of income, and pay £1.7m to government in payroll contributions and taxes.
Palace Holdings Limited started life in April 1923 when it commenced operations under the name Sefton Hotel Limited.
For many years, the company did nothing other than operate the Sefton Hotel on Douglas Promenade. However, from 2005 it began to broaden its horizons with several business and asset acquisitions, and the group that operates today retains the best of these.
The company initially incorporated in the form of a public company and for most of its existence was as an unlisted public company with shares traded by local brokers on a ‘matched bargain’ basis.
In 2021, partially to modernise its structure, but also to facilitate a capital reconstruction in the light of the Covid pandemic, it converted to a private company under the Companies Act 2006. Today the group still has over 700 shareholders, albeit the majority of the shares are now closely held.
Palace Holdings Limited, formerly Sefton Group PLC, is now a private company. Should you require a copy of the latest report and accounts, please contact us via 01624 632833 or email: natalie.goldsmith@palacegroup.im.
Our Privilege Scheme that we offer to shareholders is a great way to get more connected to our business and its various sites. In the convenient form of a loyalty card, this will entitle each cardholder to several different offers and discounts. For more information on offers available and/or other inquiries please email loyaltycards@palace.co.im.
For all general enquiries please email info@palacegroup.im
Find us at Palace Hotel & Casino, Central Promenade, Douglas, Isle of Man IM2 4NA