Tue, 30 Aug 2011 | BUSINESS SALE
One of the most iconic hotels in Scarborough has been put onto the market following its plunge into administration.
The 118-bedroom Royal Hotel, which is owned by the family-run firm English Rose Hotels Scarborough Ltd, has been located on St Nicholas Street since its opening almost 200 years ago.
The hotel, which currently employs 77 staff members full-time, once welcomed Winston Churchill as a guest, and is well known as being one of the area's most historic hotels. It will continue to trade as normal whilst a buyer is found.
English Rose Hotels Scarborough Ltd was forced to call in the administrators due to a large tax bill, and has also put another of its Scarborough hotels, the Clifton Hotel, up for sale. The Clifton will also continue to trade as normal until a new owner is found.
David Whitehouse, partner at administrators MCR, told the Yorkshire Post, “Both the Clifton and the Royal have strong reputations and high levels of occupancy. There is significant interest in these hotels and we would expect to complete a sale of the hotels as a going concern over the coming weeks.”
According to the Yorkshire Post, the English Rose Hotels Scarborough Ltd's sister company, English Rose Hotels Yorkshire Ltd, has not been affected by the administration.
This leading recruitment agency boasts over 30 years of expertise in mechanical and electrical engineering, offering a robust infrastructure and an extensive candidates' database.
Explore a dynamic business opportunity with a relocatable, eco-friendly contract packing and reworking specialist located in Norfolk.
A highly respected family business specialising in waste recycling is now available in West Yorkshire, offering a unique opportunity in a thriving industry.
02
|
Jul
|
Acquisitive professional services firm secures new private equity owner | BUSINESS SALE
A professional services firm that has completed 16 acquisiti...
02
|
Jul
|
£53m-turnover vehicle rental firm falls into administration | ADMINISTRATION
A Stoke-on-Trent-based vehicle rental and contract hire firm...
02
|
Jul
|
Education services provider Empowering Learning Group sold by Graphite Capital | BUSINESS SALE
UK investor exits market-leading, high-growth education serv...
02
|
Jul
|
East Midlands lanyard manufacturer acquired by global labelling giant | BUSINESS SALE
Humphreys Holdings Limited, an East Midlands-based designer ...
02
|
Jul
|
Business and assets of door manufacturer acquired from administrators | BUSINESS SALE
The business and assets of Alufold Direct Limited, a Lancash...
02
|
Jul
|
Education services provider Empowering Learning Group sold by Graphite Capital | BUSINESS SALE
UK investor exits market-leading, high-growth education serv...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.