Wednesday, November 27, 2024

Hospitality group acquires second hotel in Scarborough

On behalf of Coast & Country Collection, specialist hotel property adviser, Christie & Co has sold Scarborough’s Norbreck Hotel to Compass Hospitality Group.

The 58-bedroom hotel is primely positioned in Scarborough, offering easy access to the sandy shores and nearby attractions, along with stunning views of the North Sea.

Harmil Singh, CEO and President of Compass Hospitality, says: “The Norbreck hotel will be the group’s second hotel in Scarborough, reflecting our confidence in this popular seaside destination. We continue to seek further opportunities to expand our presence in the UK hospitality market.”

Mark Worley, Director in Christie & Co’s hotel team, who acted for the seller, says: “This sale is another illustration of the ongoing demand for hotels and hospitality businesses, particularly those in tourist and leisure-led locations such as National Parks and seaside towns.

“The hotel is one of the 33-assets put to market as part of the Coast & Country Portfolio. The hotels have received very strong interest to date, and a very limited number of these assets remain available, so we invite any interested parties to get in touch.”

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