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The owner of popular hotel and wedding venue Wynyard Hall has confirmed it is considering selling the property.

Unconfirmed reports last year suggested that Cameron Hall Developments - the development group set up by Metrocentre founder Sir John Hall - was interested in selling the Teesside Hotel. At the time the company declined to comment.

However,the company has now confirmed in its financial accounts that it is looking at plans to sell the site.

It said: “The group continues to pursue a number of potential developments both for future sale and possible hotel operations.

“The significant investment undertaken at Wynyard Hall in recent years, including the transformation of the historical walled garden and the opening of a rose garden with walks and a visitor centre, including a café and gift shop, has proved successful and has further strengthened the group.”

The luxury hotel, located near Billingham, was bought by Sir John Hall in 1987. He turned the property into a four-star hotel along with developing the Wynyard housing estate and business park at the same time. The hotel is still owned by Sir John’s family.

Cameron Hall Developments’ accounts also showed that the firm managed to increase its turnover by almost £2.5m during the year ending December 31 2019, from £5.8m to £8.2m.

It also returned to the black after making an operating profit of £1m, compared to an operating loss of £765,000 a year earlier.

The results, however, do not include any period impacted by the coronavirus pandemic, which has forced hotels around the º£½ÇÊÓƵ to close.

In the accounts, the company said: “The Covid-19 pandemic has caused global disruption, with significant negative consequences for human health and economic activity. This has created unprecedented levels of uncertainty in the º£½ÇÊÓƵ and beyond.

“The group and company have implemented a range of measures that are designed to minimise the impacts of the pandemic and are an acknowledgement of current events as well as uncertainty around the timing and path of recovery.

“On the basis of this information and the group and company’s base case forecasts, the directors consider that the group and company will continue to have sufficient funds through existing cash reserves to continue in operation for at least a period of 12 months from the date of approval of these financial statements.”