Profitable seafront hotel in Redcar sold through Christie & Co

Ideally positioned near the town centre, this pleasant hotel has steadily grown in popularity under the ownership of Lee and Claire Dexter. The property boasts excellent panoramic coastal views throughout its 32 bedrooms and large bar and restaurant.

Former owner, Lee Dexter comments, “Claire and I have owned The Park Hotel for 20 years and we have enjoyed some great times. We felt that the time had come to focus on other business interests and we are proud to pass on a very popular hotel with a healthy trade and profits. We wish the new owners all the best in their venture.”

The hotel has been purchased by Redpark Leisure. A spokesperson advises, “We have always known and been aware of this fantastic hotel and restaurant, so we were delighted when it became available.  Such well known businesses do not come up very often and we very much hope to build upon the good work of Lee and Claire and continue the hotel in the years to come.”

Handling the sale for the Dexter’s was Christie & Co Hotel Director, Mark Worley. He comments “ I have known Lee and Claire for many years and have kept them updated and appraised of the hotel market, both on a local and regional basis. I am so pleased to have been able to sell the hotel for them especially as I know that it will remain as a hotel and it is in good hands with investment planned to ensure its longevity.”

For further information on this press release, contact:

Bronte Hughes, Corporate Communications Manager

P: 07721 420 656 or E: bronte.hughes@christie.com  

Contact the agent:

Mark Worley, Director – Hotels

P: +44 (0) 7791 980 852 or E: mark.worley@christie.com

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