Two hospitality stalwarts have teamed up to acquire their first hotel in Scarborough to run under a new leisure brand.
Simon Rhatigan, who was managing director at Devonshire Hotels and Restaurant until 2016, and Simon Kershaw, former chairman of the northern region of the British Hospitality Association, have purchased the 50-bedroom The Mount Hotel in Scarborough, from the Lothian family from Glasgow.
They now intend to run the new venture under their Bike and Boot Inns brand and will undertake significant investment, alterations and upgrades to the five-storey hotel before reopening The Mount in its new guise in summer 2019.
The new hotel will be the first in a line of acquisitions for the leisure brand, with a roll out planned initially for the North of England in key leisure and tourist locations.
Kershaw comments: “This is our first acquisition and our intention is to roll out the brand. Our target client base is the short break market but with facilities for cyclist, walkers, dog owners and those who simply enjoy some of the most beautiful areas in the country.”
Kershaw previously headed up Carlton Towers in North Yorkshire, while Rhatigan also owned Feversham Arms Hotel and Verbena Spa in Helmsley up until 2011.
Having been previously owned and operated by the Lothian family from Glasgow for several years, The Mount was sold in order for the family to relocate back to Scotland.
Stewart Lothian comments: “It is with a heavy heart that the family chose to sell the hotel which was largely for logistical reasons given the commuting distances between Scarborough and Glasgow. Our strong hopes were that The Mount would be sold for ongoing use and to a buyer who would invest and reinvigorate the hotel.”
Mark Worley, director at Christie & Co who handled the sale, comments: “The sale of The Mount attracted a huge amount of interest and a number of credible offers and this deal, along with the recent Christie & Co sales of the 115 bedroom Crown Spa and the smaller 24 bedroom Ryndle Court Hotel, both in Scarborough, illustrate a good demand for sizeable hotels, not only in Scarborough but across Yorkshire and the North.”