Caledonian leisure acquires new hotel in Scarborough through Christie & Co
On behalf of Coast & Country Collection, specialist hotel property adviser, Christie & Co is pleased to announce the New Southlands Hotel in Scarborough, North Yorkshire has been sold. The hotel has been acquired by private investors who have appointed Caledonian Tours to operate the hotel as part of their growing “Caledonian Hotel Collection.”
Business. Built around You.
Your expert business property advisers
Situated in the desirable South Bay area of the town and surrounded by other notable hotels, New Southlands boasts 58 bedrooms and substantial food and beverage space as well as its own car park, which is a huge advantage in this location.
The hotel is a popular accommodation choice in Scarborough, the largest and most frequented of all of the seaside resorts along the Yorkshire Coast, which include Whitby, Bridlington and Filey. Visitors and tourists flock to the region largely for its magnificent coastline, dotted with quaint harbour towns and picturesque villages, the wonderful North York Moors National Park and of course, the historic city of York.
Finance Director for Caledonian Leisure Ltd, David McDonald comments, "We are delighted to welcome the newly renamed Caledonian New Southlands Hotel to our growing Caledonian Hotel Collection. As ever, we would like to thank Christie & Co for their support as we acquire our fourth hotel in the last 12 months, from their portfolio of available assets."
Mark Worley, Director in Christie & Co’s North Hotel team, who acted for the seller, comments, “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.”
Enquiries regarding the remaining Coast & Country Hotels on the market should be directed to Jeremy Jones, Head of Hotel Brokerage at Christie & Co.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
P: 020 7227 0794 or E: bronte.hughes@christie.com
Visit Christie & Co’s Business Search page to find out more about current hospitality listings.