A Tyneside seaside hotel has been put on the market days after going into administration, putting almost 100 jobs in jeopardy.
The Sea Hotel in South Shields went into administration on July 18 but it remains open and it is hoped all future bookings and events can be honoured vents while it is marketed for sale. RSM UK Restructuring Advisory LLP’s Lee Lockwood and Gareth Harris, who were appointed as joint administrators to Hotel 52 (Sea) Ltd, which operates The Sea Hotel, have now put the hotel on the market 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. Prior to the pandemic much of the hotel’s public space and letting rooms on the first floor underwent a £750,000 refurbishment under owners High Street Hospitality - later renamed The One Collection Leisure Ltd - four years after it snapped up the Best Western-run building in a £1m deal.
