Blackpool Council chiefs hail Imperial sale

The Imperial Hotel in Blackpool has been sold for 12.8m
The Imperial Hotel in Blackpool has been sold for 12.8m
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Resort chiefs have hailed the £12.8m sale of the Imperial Hotel as another “boost” to Blackpool.

The Gazette reported yesterday how the iconic Grade II listed landmark was bought for £12.8m by the Fragrance Group, a company founded by a billionaire property tycoon from Singapore.

This investment is yet another boost in a long line of people queuing up to put money into the resort

It had been “under offer” for several weeks on agent’s Savills’ website but was sold for more than the guide price of £10.5m. Coun Gillian Campbell, Deputy Leader of Blackpool Council, said: “The Imperial is a historic building tied with Blackpool’s seaside heritage so it is really encouraging to see investors come in to buy the hotel.

“This investment is yet another boost in a long line of people queuing up to put money into the resort, helping the local economy and creating and supporting jobs for local people.”