A hotel company has been placed into administration for the second time. Callbridge Hotels, which has two properties in Leicestershire and Somerset, is now under the control of administrators at Deloitte, who hope to sell the group as a going concern.
Prior to being placed into administration for the first time, the company ran nine former Folio Hotels.
Callbridge currently operates the 112-bedroom Redwood Hotel & Country Club near Bristol, as well as the 48-bedroom Westfield Hotel in Blaby, Leicestershire, both of which are former Folio properties.
Both hotels continue to trade although it is understood that they will no longer be managed by Bespoke Hotels, which was running them as part of a package of 13 ex-Folio hotels which were split between three different owners.
Lee Manning, partner in the reorganisation services practice at Deloitte, said, "The hotels continue to trade as normal while we seek interested parties to acquire the business as a going concern.
“The business faced high property lease costs inherited from the peak of the property market, which, coupled with the difficult economic climate and reduction in discretionary spending, has resulted in poor trading and, ultimately, the company's insolvency," he said.
The administrators added that from the initial interest they had received, a sale was anticipated 'shortly.'
