A seaside hotel complex has been brought to market on behalf of RSM UK Restructuring Advisory LLP, after the site fell into administration, with offers in the region of £1.65m being invited.
The Sea Hotel in South Shields is a modern hotel located beside the Ocean Beach Pleasure Park overlooking Sandhaven Beach. The complex features 34-letting rooms, function suite, restaurant, bar, private car parking as well as three food and beverage outlets on site.
Prior to the pandemic, much of the hotel’s public space and letting rooms on the first floor underwent significant refurbishment.
The hotel includes the Maritime Restaurant with a capacity of 60 covers, as well as a Maritime Bar with seating for 45. The Bramall Suite is a self-contained function room and is licensed to hold wedding ceremonies. It has a capacity for 130 and includes its own bar and small service room.
Accessible from the hotel and Sea Road is the modern sports-theme Bar 52 which also continues to operate. The bar has capacity for 100 people and includes a pool table, darts and several TV screens for featuring sports events.
In addition the hotel complex has three food and beverage units which are currently unoccupied: Buddha, styled as an oriental restaurant with its own kitchen, storage and toilet facilities; a fish and chip takeaway; as well as a waffle and ice cream kiosk.
RSM UK Restructuring Advisory LLP’s Lee Lockwood and Gareth Harris were appointed as joint administrators to Hotel 52 (Sea) Ltd, which operates The Sea Hotel, on 18 July.
Following the administration, the hotel has remained open with the intention that all future bookings and events will be honoured while the hotel is marketed for sale.
RSM UK partner and joint administrator Lee Lockwood said: “As administrators, we are currently reviewing the company’s business to evaluate the options available to creditors and formulate proposals.”
Robert Smithson, associate director from Colliers, who are marketing the hotel, added: “The Sea Hotel is in an ideal location on the beach front and offers a wide range of revenue streams which cater not only to tourists and corporate clients but also the local residents.
“Its recent refurbishment and the enforced closures of the pandemic mean that the property is in a good condition and fully functional, able to make an immediate impressive turnover for a new owner with vision for the business.”