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23
Feb 2021
Last Updated: 23/02/2021
Ripon's Spa Hotel for sale at £1.5 million
Ripon's economy was dealt a double blow last year when two of the city's long-established hotels announced their permanent closure, But the Spa Hotel could make a comeback under new ownership.
Ripon's Spa Hotel, which has been closed for 11 months, is back on the market at a reduced asking price of £1.5 million.
The historic Edwardian building opened in 1906 - a year after the nearby Ripon Spa.
It is being marketed by agents Colliers International for continued use as a hotel.
An executive summary from Colliers states:
"This is an outstanding opportunity to acquire a renowned Yorkshire hotel in a desirable trading location."
The summary adds the 40-bed hotel, with its range of public rooms, has enjoyed "strong regular repeat custom based on its standing in the Ripon area".
Colliers adds there is:
"Potential to further develop the trade, particularly with additional wedding and special event business, following a refurbishment to a purchaser's specification."
In July, the Stray Ferret reported that the hotel, which had been on the market for £1.75 million, had ceased trading.
A spokesperson said at the time:
“It is with regret that we have to close and it is with sadness that we need to make redundancies. We cannot speculate on the future of the hotel.”
Ripon's largest hotel was, over many decades, the principal location for major Ripon civic and social events.
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It hosted business conferences, banquets, annual lunches and dinners and wedding receptions.
At the height of its popularity, the hotel was achieving net annual turnover of up to £1 million.
Alongside other hospitality businesses, the Spa Hotel went into covid lockdown last March, but never reopened its doors.
Its permanent closure, announced in July, made it the first major victim of covid in the Ripon tourism sector.
The Old Deanery Hotel, which has 11 bedrooms, a meeting room and facilities for wedding receptions, subsequently announced its permanent closure.
The collective loss of more than 50 bedrooms raised concerns about the city's ability to accommodate visitors and tourists staying overnight or for longer periods.
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