Luxury coastal resort hotel in North Yorkshire sold off a guide price of £12m
Raithwaite Sandsend has been sold as a joint venture to property developers Galliard Homes and O’Shea Group.
The hotel includes 73 en-suite bedrooms, including a self-contained block, ‘The Hide’, as well as spa and leisure facilities, which include an indoor heated swimming pool, steam room, sauna and four treatment rooms.
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Hide AdThe opportunity was a particularly unique one due to the hotel’s extensive land, spanning circa 85 acres, on which approved planning permission was granted for a 30-bedroom extension to the hotel, as well as permission for 190 holiday dwellings, comprising cottages, apartments, lodges, and villas, as well as a retail village.
The hotel, which has its own biomass plant, became an official carbon neutral business in July 2022. There is also a kitchen garden on-site which provides produce for the hotel’s in-house restaurant, with a menu focused on seasonality, locality and zero waste.
Mark O’Connor, investment director at O’Shea Group, said: “The team behind the project are looking forward to expanding the offering at the hotel, alongside developing the accompanying holiday lodges, cottages, and coastal villas. We will also be investing into an artisan village filled with bespoke shopping and dining experiences as well as a state-of-the-art wellness centre.”
Knight Frank advised on the sale.