DEVELOPER Urban Splash has sold Morecambe’s iconic Midland Hotel to Clitheroe-based church charity The Lancaster Foundation.
The freehold sale, for an undisclosed amount, was announced on Wednesday afternoon.
The hotel will continue to be operated by English Lakes Hotels, Resorts and Venues under a lease arrangement.
It was re-opened by Urban Splash in June 2008 after an £11m facelift.
Chris Richardson, of The Lancaster Foundation, said: “We are delighted to invest in this great hotel. We believe with our commitment to the property and English Lakes Hotels’ management the hotel will go from strength to strength”.
Tom Bloxham, chairman of Urban Splash said: “We are very proud of the Midland Hotel and all that has been achieved since it opened in June 2008.
“The Midland is a much loved building and it was a joy for us to be able to restore and re-open this iconic hotel once again.
“We have sold the freehold to the Lancashire Foundation in an off market transaction. The sale shows that there is a demand for quality Urban Splash assets.
“This sale completes phase one of our development in Morecambe and we are now concentrating our efforts on securing planning for phase two of the proposals on the adjoining site.”