Boutique hotel, Scarborough Fayre in North Yorkshire has been sold by Fleurets to Global Homes & Property Limited for an undisclosed sum off an asking price of £430,000.
Owner Bob McKee handed over the 27-bedroom hotel on Queen’s Parade to the South East-based property investment company, who plan to relaunch the hotel after an extensive refurbishment programme which will include external decoration. Global Homes & Property Limited will run the hotel in conjunction with the company’s other hotels based in the Midlands, Merseyside and West Yorkshire.
Scarborough Fayre is also home to a residents’ lounge, a dining room with 60 covers and views over the North Bay.
Nick Thomas of Fleurets Leeds comments: “The Scarborough Fayre was acquired by our client in 2007, since which time it has been run at arms’ length, with live-in management and trading on a simple bed and breakfast basis. The new owner, after a programme of refurbishment, plans to continue running it as bed and breakfast.”