THE owners of Scarborough’s highest-rated hotel could be on the verge of buying the Royal out of administration.
The Crown Spa Hotel’s team of directors have been on a tour of the historic Royal Hotel, and are now awaiting financial reports.
Last month saw the Royal fall in to the hands of administrators following the collapse of its parent company owned by the Turner family. The move marked the demise of the English Rose Hotels chain, and its various companies, putting four hotels in administration.
The Royal in St Nicholas Street, the Clifton Hotel in Queen Parade, the Hackness Grange Hotel and the Wrea Head hotel are now all up for sale.
After a matter of weeks on the market the 19th Century, 110 bedroom Royal Hotel has attracted the interest of the Frank family.
Brothers Richard and David Frank purchased the Esplanade’s Crown Spa Hotel, then known as the Crown Hotel, in 2000 for just under £2,000,000.
Buying the Royal would see them significantly increase their presence in the town.
Richard Frank said: “Yes we were looking around the Royal.
“The management team handling the sale have only just moved in, and they asked us if we wanted to look around.
“We are still waiting for them to get their figures together and are awaiting details of exactly what is for sale.
“It surprised us when it went it in to administration, however it is an opportunity, and you never actually know if it is an opportunity until you go and have a look.
“There is a lot to be done though and it is a very large building.
“We are looking at it as an opportunity, and whether it is the right opportunity we are still debating.”
Since taking over the Crown Spa Hotel the Frank family have invested £4,000,000 over four years, resulting in the hotel soaring to four star status.
It is now the only four star hotel along the Yorkshire Coast.
The Franks have turned the 166-year-old property in to a 166 bedroom hotel with the recent completion of the penthouse floor and an additional 24 rooms.
They have also won numerous awards, many for achievements in ‘green’ tourism.