Skelwith Leisure (Raithwaite) Limited, which was placed into administration on 22 July 2015, owned and operated Raithwaite Hall, the luxury 80-bedroom hotel located between Sandsend and Whitby, North Yorkshire.
Howard Smith, joint administrator and KPMG Restructuring partner, said: “Raithwaite Hall is a prized asset for the North Yorkshire tourism industry and this deal with Yorkshire Ventures reflects the significant investment opportunity that the hotel and the site have to offer.”
The joint administrators were advised on the transaction by Knight Frank and Bond Dickinson LLP.
Notes to editors
Alastair Henry, Citypress (on behalf of KPMG)
T: +44 (0)161 235 0320
KPMG Press office: +44 (0) 207 694 8773
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.