Tom Bloxham’s Urban Splash has sold the freehold of the iconic Midland Hotel in Morecambe, Lancashire.
Cltheroe-based charity The Lancaster Foundation bought the hotel for an undisclosed sum.
Hotel group English Lakes will continue to operate the hotel.
The art deco hotel on Morecambe’s seafront was built by the London, Midland & Scottish Railway in 1933. Urban Splash completed the refurbishment and expansion of the hotel in 2008.
Chris Richardson of The Lancaster Foundation said: “We are delighted to invest in this great hotel. We believe that, with our commitment to the property and English Lakes Hotels management, the hotel will go from strength to strength.”
Bloxham added: “We are very proud of the Midland Hotel and all that has been achieved since it opened in June 2008. The Midland Hotel is a much loved building, and it was a joy for us to be able to restore and reopen this iconic hotel once again. We have sold the freehold to the Lancaster Foundation in an off-market transaction. The sale shows that there is a demand for quality Urban Splash assets”.
daniel.cunningham@estatesgazette.com
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