Tue, 20 Mar 2012 | BUSINESS SALE
Scarborough’s Royal Hotel and Clifton Hotel have both been sold out of administration as going concerns, saving all jobs in both businesses.
The two historic hotels were bought out by subsidiary companies of the Alex Langsam-owned Britannia Hotels. The Royal was sold to Ambassador (East Cliff) Ltd and the Clifton was sold to Britannia Hotel Wolverhampton Ltd.
The two properties were put on the market last year when their parent company ERH (Scarborough) Ltd entered administration. David Whitehouse and Sarah Bell from Duff & Phelps were appointed joint administrators. Mr Whitehouse said they were very pleased to have secured successful sales for the seafront properties, which both offer expansive views over the North Sea.
“Whilst trading conditions in the hotel and leisure sector in the UK remain difficult I am pleased to announce the successful sale of these two hotels,” Mr Whitehouse said. “The sale to an established hotel operator will now provide certainty to both employees and surrounding businesses.”
The 118-room Royal Hotel dates back to the 1830s and has welcomed a number of famed historical figures, including former Prime Ministers, Winston Churchill and Harold Wilson. The Clifton Hotel has 70-rooms and is said to have been the location where war poet, Wilfred Owen, penned his famous poem, Miners.
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