He described the 13 suite development as “a superb example of what can be done working in partnership” and said it would provide “world-class accommodation”, which would only help boost visitor numbers to the region and keep Anglesey at the forefront of the vitally important tourism economy.
Huw also called for better pan Wales transport links, particularly from North to South, which he said, would ultimately transform Wales.
Guests at the champagne event included, the Mayor and Mayoress of Beaumaris, Welsh Assembly Government Deputy First Minister Ieuan Wyn Jones, civic leaders, top tourism executives from the island and North Wales and leading members of the Anglesey business community.
The new Townhouse development close to the Menai Straits is seen as one of the most significant financial investments in the tourism economy on Anglesey, which is a hugely popular destination for holidaymakers from across the North West, Yorkshire and the Midlands.
More than 1.4 million people visit Anglesey each year and the tourism industry employs over 3000 people and is worth over £214 million a year to the local economy.
The island off the North Wales coast is also experiencing a boom this year as more people choose to holiday in the UK because of the effects of the recession and the strength of the Euro.
The Townhouse project, which centres on the famous 500-year-old Ye Old Bulls Head Inn, has seen the creation of a state-of-the-art annexe housing 13 luxury hotel suites to rival anything in the UK hospitality market.
The 16th century Townhouse building, which is just over the road from the Bulls Head in Castle Street, was completely derelict when hotel owners David and Keith bought it four years ago.
Now, following a “Grand Designs” style renovation programme, which has taken over two years to complete, they have transformed the building into the most luxurious and contemporary five-star accommodation in the region.