A buyer has been found for Scarborough’s Hackness Grange Hotel almost a year after it went in to administration.
The country house hotel has been run by administrators since August last year following the demise of its parent company English Rose Hotels plc.
Now a former Royal Hong Kong Police Force officer has stepped forward to buy the 33 bedroom, Grade II listed property for an undisclosed sum.
Private buyer Roger Brooks has confirmed plans to invest “consideraable funds” over the next 12 to 18 months to renovate the property, which will include new facilities for weddings.
Mr Books said: “We decided to return to the UK for family reasons and wanted to find an attractive hospitality business.
“After a UK wide search we fell in love with Hackness Grange and its location as a perfect countryside retreat.
“We are delighted to rescue such a wonderful estate and look forward to welcoming new guests.”
Mr Brooks says he intends to renew public areas including the bar and restaurant, while the private lake on the estate will also re-open for fly fishing and new kennel facilities will be installed for vistors with pets.
The deal was secured by the hotels division of Colliers International on behalf of Chris Rooney and Ian Green of Pricewaterhouse Coopers - joint administrators for English Rose Hotels.
Peter Bean, hotels director at Colliers International in Leeds said: “We received a lot of enquiries for Hackness Grange and with such a beautiful riverside setting its easy to see why.
“The hotel has always been popular with walkers and those seeking a rural retreat.”
The Hackness Grange fell in to the administration alongside the Wrea Head Hotel, in Scalby, at the end of August last year. The move came just days after administrators were called in take over The Royal Hotel and the Clifton Hotel following the collapse of English Rose Hotels Scarborough. All four hotels were owned by the Turner family.
In March this year Britannia Hotels, which owns The Grand in Scarborough, bought The Royal and The Clifton Hotels, while private business partners stepped forward to buy the Wrea Head.
All the hotels remained open and trading throughout, with the Hackness Grange to stay open during the change over period and future works.