According to Ryan Lynn, AD at Christie & Co.'s Manchester office, who handled the sale with colleague Jeremy Jones, "a variety of UK and overseas buyers" had expressed interest in acquiring the property. The hotel will be Compass Hospitality's first with on-site spa facilities.
The Crown Spa Hotel has maintained much of its original architecture although it has undergone extensive renovations and development over the years. In 2009, a roof-top extension was completed before the hotel's previous owners set plans to develop another 77 guestrooms in addition to its current 116-guestroom stock. The hotel is next to South Bay Beach and near the town center, Scarborough Railway Station and Scarborough Harbor.
Compass Hospitality manages 12 UK hotels on behalf of a growing number of Far East investors. These UK hotels are in Manchester, Leeds, Cardiff, Nottingham, Cheltenham, Oxford, Shrewsbury, Halifax, Eastbourne, Inverness, Coventry and Scarborough. Meanwhile, the group also operates hotels across Malaysia and Thailand. It is set to expand its portfolio of 44 hotels across both regions.
This acquisition follows the May 2017 launch of the group's Citrus brand in the UK as part of its expansion strategy. Near Coventry, the 51-guestroom Citrus Hotel Coventry is close to Birmingham Airport, the Coventry train station, Middlemarch & Westwood Business Parks and the National Agricultural and Exhibition Center. It began operations on May 12, 2017.