Are you doing the redcar 1/2 AMG or are you just planning a holiday.
There are a few of us who are hopefully doing Redcar over in the FFF club. (although the list seems to get smaller every day) Unfortunately there is no listing in events so it has not appeared in the Events thread yet (well I think it hasn't)
As for hotels...well I'm not that sure but Redcar does not strike me as the kinda place that has luxury hotels...maibly seafront B&B's or 3*(max hotels).
However there is some real beautiful countryside just South of the area so I'm sure you could find some nice hotels around there. I do know one that is V.nice (not cheap) south of Middlesbrough - Judge's - Kirklevington Hall. We put our American clients their when they visit and they rave about it, but this would mean a 25-30 minute drive to Redcar.