Thu, 22 Sep 2011 | BUSINESS NEWS
Following the Scarborough-based Royal Hotel's fall into administration, the owners of the nearby Crown Spa Hotel are considering acquiring the commercial premises.
The directors of the Crown Spa Hotel are said to be currently awaiting financial reports on the Royal - which is located on St Nicholas Street - following extensive tours of the hotel in a bid to assist in their decision-making process.
Following the demise of the Royal Hotel's owner, English Rose Hotels, last month, it was placed into the hands of administrators alongside three other hotels.
The other commercial premises - all of which are located in Scarborough - include the Clifton Hotel in Queen Parade, the Wrea Head Hotel and the Hackness Grange Hotel. Each of the hotels is currently for sale.
The Royal Hotel, which dates back to the 19th Century and comprises 110 bedrooms, would enable the Crown Spa Hotel's owners, Richard and David Frank, to significantly increase their presence in Scarborough.
Richard Frank told Scarborough Today, “Yes we were looking around the Royal … 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.
“We are looking at it as an opportunity, and whether it is the right opportunity we are still debating,” he added.
Offering marquee hire from small to large this business services mainly the events industry, its own smaller marquee competitors and occasional work directly with individuals. They can support parties and weddings through to corporate dinners, festiv...
LEASEHOLD
This contemporary, stylish 4 star hotel has 24 comfortable and individually-designed ensuite bedrooms, a modern bar and a recently refurbished restaurant with a great vantage point and some of the best seaside views in North Wales.
This is an attractive and strategically well-located hotel in the heart of Porthmadog and a stone’s throw from the junction of the A497.
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.