The owners of Fishguard Bay Hotel are remaining tight lipped following revelations that some rooms in the hotel are being advertised on a property investment website.

The hotel, in Quay Road, Goodwick, has been on the market for more than a year and was listed with Christie & Co for a price of £1,200,00.

Before Christmas the owners of the hotel, Stephan & Martin Schell, refuted rumours, circulating in the twin towns, that the hotel had been sold to a Chinese firm to be converted into time share apartments.

"We confirm that the hotel still remains within the Schell family, and that what you've heard locally are indeed rumours," they said.

"If/when there is a change to this position, we will of course make any information known to the hotel staff in the first instance."

However ten rooms in the 60 bedroom hotel are currently advertised as ten year timeshare investments on Poole company, Select Portfolio's, website.

The company is offering rooms at the Wyncliffe House Hotel, the old name of the Bay Hotel, from between £45,000 and £70,000.

Investors are offered the opportunity to purchase rooms within the hotel which would generate ten percent net returns for ten years.

The Schells remain tight-lipped on the subject, saying they had "nothing further to add" to their previous statement.