Vaughan bowled over with £100 million hotel development

10th June 2008
England Cricket Captain Michael Vaughan has bought a room at the Flaxby Country Club, a £100 million hotel and leisure development between York and Harrogate.

Michael Vaughan commented: “This is a one off opportunity to invest in one of Yorkshire’s best developments. I’m delighted to be involved and think it will be a showcase for the best the County has to offer. I have a diverse property portfolio but this offers a different investment that is not linked to the property market, which is very appealing in the current climate."

“The Flaxby Country Club will complement the many attractions that the area has to offer and it’s a location that I have known for many years. I look forward to seeing the development come out of the ground and stay in the hotel when it’s completed."

“I admire the ambition and expertise of the Skelwith Group to take on this project and I have no doubts they will make a huge success of it.”

All 303 rooms are being sold to investors with a guaranteed return of 7.5% for eight years.

Paul Ellis, Managing Director of The Skelwith Group added: “Michael Vaughan has been a tremendous ambassador for the region throughout his illustrious career. It’s fantastic that he has bought into the vision of what we are trying to achieve with the Flaxby Country Club and can see the investment benefits of this concept.”

Due to the high level of interest following the public launch, The Skelwith Group has announced that the prices will be rising from mid June. Currently they start at £89,950 with this rising to £99,950 on 14th June. This will demonstrate the potential for capital growth to people who have already bought rooms.

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ENDS

For more information please contact Ben Pilgrim on 0778 995 1781

Notes to Editors
The Skelwith Group is a York based full service property company dealing in residential and commercial developments throughout the UK.

The Flaxby Country Club will include the following facilities:

303 Bedroom 5* Hotel
27 Hole Golf Course with Potential PGA Approved Tour Facilities
3 Restaurants
2 Bars
4 Helipads
Luxury Clubhouse & Bar
Spa facilities
Excellent Conference Facilities
450 Car Parking Spaces (Minimum)
24 Hour Golf Driving Range
Nature Trails Throughout the 283 Acre Estate