Yarmouth seafront hotel under new ownership
PUBLISHED: 15:30 05 October 2011
A SEAFRONT hotel worth more than £700,000 has been given a bright future after it was taken on by new owners.
The 20 bedroom Knights Court Hotel on North Drive, Great Yarmouth, could see its restaurant revamped as new owners look to give the business a new lease of life.
Ashley Clark, director at selling agent Colliers International, said: “This is an indication of the growing confidence within the East Anglian region and for Great Yarmouth specifically. On this particular deal we had two very motivated buyers.”
The sale price was not disclosed but the hotel was sold off for an asking price of £725,000 for the freehold.