A North East hotel has been put up for sale by administrators with a £1.65m price tag.
RSM UK Restructuring Advisory LLP’s Lee Lockwood and Gareth Harris, were appointed joint administrators of Hotel 52 (Sea) Ltd, which trades as The Sea Hotel in South Shields, on July 18, triggering a review process to evaluate the options available to creditors. The hotel is remaining open during the process, but around 95 jobs hang in the balance as the administrators say it is unclear whether there will be redundancies.
Now new owners are being sought for the hotel after it was put on the market through property agents Colliers, with a £1.65m price tag. The complex has 34-letting rooms, a function suite, restaurant, bar, private car parking and three food and drink outlets on site.
