NEW owners have been found for two historic Scarborough hotels, The Evening News can reveal.
The Royal Hotel, based in St Nicholas Street, and the Clifton Hotel, in Queen’s Parade, had both been in administration.
But it was revealed this evening that both businesses had been sold as going concern businesses by administrators David Whitehouse and Sarah Bell.
The Royal Hotel was sold to Cheshire-based Ambassador (East Cliff) Limited and The Clifton Hotel to Britannia Hotel Wolverhampton Limited. All of the jobs at the hotels have been saved. Both had been owned by English Rose Hotels.
David Whitehouse, of global financial advisory and investment banking firm Duff & Phelps, said: “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.
“The sale to an established hotel operator will now provide certainty to both employees and surrounding businesses.”