Planners have approved an application from the Fragrance Group to demolish and replace the closed Park Hotel in Torbay, following its acquisition in December 2017.
The hotel group, which made the former Park Hotel its seventh acquisition in the UK last year, is to begin a £14m project to create a new 161-bedroom hotel overlooking the seafront.
The three-storey hotel has been closed for more than a year and will be transformed by the Singapore-based business into a new three-star hotel with ground-floor restaurant, as well as a spa included in the plans.
The 47-bedroom Park Hotel on Esplanade Road is one of three sites the global hospitality business has bought in Torbay.
It also owns the closed Palace Hotel at Babbacombe and the Corbyn Head Hotel on Torquay seafront, which is being operated by a management company.
On behalf of The Fragrance Group, Martin Rogers, Savills’ head of UK hotel transactions, said when the application was submitted: “The redevelopment of the Park Hotel represents a significant investment into the tourism industry of Torbay and Paignton in particular.
“The new hotel will generate a significant number of jobs and boost the economy of Historic England refused a bid to list the hotel, which would have protected it from development. It said the standard late-Victorian terrace was not architecturally important and had been substantially altered.”