New owners to transform Raithwaite Sandsend into wellbeing retreat
Raithwaite Sandsend hotel in Whitby, North Yorkshire, has been sold as a joint venture to property developers Galliard Homes and O'Shea Group off a £12m guide price.
The new owners plan to develop more holiday lodges, cottages, and villas at the property as well as shops, dining experiences and a wellness centre to turn it into a wellbeing retreat.
The venue's 85 acres already have planning permission for a 30-bedroom extension to the hotel and 190 holiday dwellings such as cottages, apartments, lodges, and villas. The 73-bedroom property already includes a self-contained block, as well as spa and leisure facilities, with an indoor heated swimming pool, steam room, sauna and four treatment rooms.
The business was awarded ‘Most Sustainable Hotel' at the 2021 Hotel Cateys for its carbon-neutral operations and organic kitchen garden and was put up for sale late last year.
Max Hunter of Maritime Capital, which acquired the site in 2019, said: "We would like to take this opportunity to thank all the excellent and talented team at Raithwaite who have worked so hard to create this first-class hotel. Raithwaite's next chapter looks very exciting, and we are delighted that it is in such safe hands."
Mark O'Connor, investment director at O'Shea Group, said: "We are incredibly excited to be taking the reins at Raithwaite Sandsend. Already recognised as one of the most sustainable hotels in the UK, Raithwaite Sandsend is uniquely positioned between the coast and North York Moors National Park offering guests unrivalled views and only moments from the historic town of Whitby.
"The team behind the project are looking forward to expanding the offering at the hotel, alongside developing the accompanying holiday lodges, cottages, and coastal villas. We will also be investing into an artisan village filled with bespoke shopping and dining experiences as well as a state-of-the-art wellness centre. We believe that Raithwaite Sandsend will become one of the UK's leading retreats, with a key focus on sustainability and wellbeing."
Henry Jackson, head of hotel agency and partner at Knight Frank, added: "We are delighted to have concluded the sale of Raithwaite Sandsend to joint buyers Galliard Homes and O'Shea Group. Operating as a highly successful carbon neutral business, with exciting expansion opportunities across the site, the hotel attracted very strong interest from a range of potential buyers, with multiple offers received. We are excited to see how the hotel and estate develops and expect visitor attraction to bolster over the coming years."
