Wed, 14 Dec 2011 | ADMINISTRATION
Beetham Hotels Birmingham, which owns the city’s 33-storey Beetham Tower and the leasehold of the Radisson Blu hotel operating within it, has entered administration.
The company has been placed into the hands of Mark Orton, from the Birmingham office of KPMG, and Paul Flint and Brian Green from the financial services firm’s Manchester office.
The hotel is continuing to trade as normal as the administrators work through a restructuring process and the residential section of the tower, at its very top, is unaffected by the administration, according to The Business Desk news source.
Mr Orton said that they were confident for the future of the businesses within the tower, which has quickly become established as a landmark operation for Birmingham. Beetham Hotels Birmingham is part of the Liverpool-headquartered property group Beetham.
“The hotel opened in January 2006 as the Radisson Blu Birmingham and has grown to become one of Birmingham’s premier hotels,” he said. “This is a quality asset in a major city centre and the administration is only due to the financial restructuring of the landlord, which is part of the Beetham property group.”
The hotel is managed directly by Rezidor Hotels UK under the Radisson brand, and that arrangement will continue.
Once a thriving online garden centre started in 2018, after an internal dispute the business stopped trading in 2022. In a space of just 3 years the business achieved £500k in turnover. This is a perfect opportunity for someone looking for a new...
Presenting an opportunity to acquire a very profitable plumbers and heating merchants business operating nationwide.
Popular and well-regarded Sushi and Ramen restaurant and takeaway, which is situated in a prime city centre location in Norwich. The premises are set over three floors and are presented to an extremely high standard throughout and offers the opportun...
LEASEHOLD
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.