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£725k Scarborough coastal hotel changes hands

Ryndle Court Hotel, situated close to the Scarborough coast in North Yorkshire, has been sold through Christie & Co to an experienced local operator, off an asking price of £725k.

Comprising 23 ensuite bedrooms, the hotel also features a restaurant, which caters for up to 40 covers, a bar, and a function room equipped for up to 55 guests. Externally, additional seating is set up to the front of the venue, with gardens and on site parking provided to the side and rear, plus free on street parking is available directly outside the hotel, a rarity in the popular part of the town.

The three-storey hotel, which is an ideal location for tourists to the area, close to the Scarborough coast and town centre, has been purchased by family business Yorkshire Hospitality Ltd, an experienced hotel operating company in the Scarborough area, which also owns Scarborough Travel & Holiday Lodge.

Yorkshire Hospitality plans to reinvest and modernise the property to improve its trading potential and build on the private functions opportunities it presents. The firm stated, “We are excited for the development and to introduce new bedrooms to the property. This is a great new addition to our portfolio.”

Sam Ashton, Business Agent at Christie & Co, commented, “During its time on the market, the property experienced a mixture of interest from developers, conversion buyers and hoteliers, before being purchased by Yorkshire Hospitality Ltd, a local operator which can use its experience and knowledge within the area to build on the success of the business generated by Mr & Mrs Shelton. We wish both of them the best of luck and a happy retirement!”