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Scarborough’s Green Gables hotel sold to new owners

Youfeng Jiang has owned the property for several years, however the geographic location of the property ‘no longer complements’ the rest of his business portfolio and future strategy

Five-storey Green Gables Hotel in Scarborough has been sold for an undisclosed sum.

The hotel comprises 37 bedrooms, 15 apartments, and nine reception rooms, along with a bar, conservatory, dining hall, games room and heated indoor swimming pool.

Gables also comprehends a small shop, library, café and three-storey owners house attached to the main building.

Youfeng Jiang has owned the property for several years, however the geographic location of the property “no longer complements” the rest of his business portfolio and future strategy.

According to the hotel, the buyers, who wish to remain anonymous at this stage, intend to keep the hotel trading in its current format and inject a “significant level of investment” into the bedrooms and public areas.

Mark Worley, hospitality director at Christie and Co for the North East and Yorkshire who handled the sale, said: “Foreign travel restrictions as a result of the Covid-19 pandemic have created a surge in domestic staycation business.

“As a result, there is excellent demand for UK hospitality businesses, particularly those in national parks, tourist hotspots and coastal resorts, such as the Green Gables Hotel.”

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