ANOTHER Scarborough hotel is on the market as the owners of the Raincliffe Hotel put the business up for sale.
After nearly eight years running the guest house in Valley Road, owners Malcolm and Katherine Harper are selling up.
The business, which includes 14 ensuite letting rooms and recorded a profit of £89,337 in 2010/11, is on the market with an asking price of £550,000.
It joins other high-profile hotels currently seeking a buyer, including the historic Royal Hotel, the Clifton Hotel, the Hackness Grange and the Wrea Head Hotel.
However, unlike the larger hotels which are on the market following the demise of their owner English Rose Hotels, the Raincliffe is being sold as Mr and Mrs Harper eye up a move to bigger things.
Mrs Harper said: “We have been here since 2004, but are looking for a new challenge now.
“Ideally we would like to stay in Scarborough if we can find what we want, however we will probably struggle which is a shame.
“Scarborough is full of smaller hotels and guest houses our size, or huge ones. We are looking for something in between.
“Everyone assumes because we are selling things must not be going well. That is not the case. The business is very profitable.
“We have a lot of years left in us yet to run a business, and we are looking for a new challenge.”
Mr and Mrs Harper, who ran a hotel in Scotland before coming to Scarborough, have enjoyed regular trade from visitors to Scarborough’s annual cricket, jazz, chess, and motorbike racing festival.
During their time at the hotel they have held charity events, hosted Fawlty Towers themed nights, and even appeared on the Channel 4 programme Three In A Bed.
Mrs Harper said: “We have had a great few years, and our fondest memories are our customers. They are top people who come year after year. We are incredibly fortunate we get a superb bunch of people in. Some are absolutely distraught we have it on the market.”
The pair are yet to find another hotel to move on to, and say they are looking to find a buyer for the Raincliffe first.
Mrs Harper said “We are very aware there in an awful lot of hotel and guest house properties for sale in Scarborough at the moment, so we are wanting to get a buyer before we find somewhere.”