More details of how a seaside hotel in the North East formerly owned by a high-profile property group went into administration have been made public.
The Sea Hotel in South Shields went into administration on July 18 and the property was put up for sale last month with a £1.65m price tag. The hotel, which is not far from the Sandhaven and Little Haven beaches, has been running as normal while up for sale.
The property was formerly owned by the High Street Group, the development company behind Hadrian’s Tower in Newcastle, which went into administration last year with estimated debts of more than £200m. As well as leading a number of major development projects, High Street Group also ran a number of bars, hotels and restaurants around the North East through its leisure division.
