Historic North Yorkshire hotel sold

09 July 2020

An historic venue in North Yorkshire has been bought. The George Hotel in Easingwold is an 18th century coaching inn comprising 15 bedrooms, a bar and restaurant, and a courtyard.

Bossick Enterprises and Bossick Hotels are behind the takeover, which was 'complicated considerably' by the ongoing pandemic.

Howes Percival acted for the buyer companies on property, business assets, goodwill, and employee elements, led by partner Joanna Nicholls and supported by Oliver Pritchard, Richard Turner and Lizzy Page. Caroline Illing advised on the employment law aspects.

Nicholls said: "Lockdown presented some unique challenges. There were difficulties obtaining the due diligence documentation from the seller due to government restrictions.

"There were also issues to consider and advise on surrounding furloughed staff and government grants that had been obtained by the seller due to Covid-19 which would not usually be a factor on a hotel acquisition.

"The leisure and tourism sector has been decimated by the pandemic, but our client is positive about their ability to build a successful business and to make use of travel restrictions and holidaymakers staying in the UK to holiday this summer."