Wed, 11 Feb 2015 | ADMINISTRATION
A UK hotel chain is seeking a new buyer after going into administration.
Oyster Hotels Ltd, which operates three hotels including the Marsh Farm Hotel in Wootton Bassett, Swindon, has been taken over by administrators.
Joint administrators Arron Kendall and Simon Thomas of restructuring and insolvency firm Moorfields Corporate Recovery were appointed to Oyster Hotels Ltd on 9 February.
Marsh Farm is a 50-room hotel, which provides conferencing facilities, a beauty salon and restaurant. The group also manages The Chequers Hotel in Newbury, Berkshire and Gretna Hall hotel in Scotland.
With the help of hospitality and leisure sector specialist Convivial Group, the administrators are continuing to trade the hotels.
Joint administrator Arron Kendall explained: “We are currently continuing to trade the hotel whilst we explore the options, but are hopeful to find a buyer.
“The hotel sector is continuing to show strong signs of growth and Marsh Farm Hotel has a good range of facilities and benefits from a desirable location. We believe it provides a good opportunity for potential purchasers.”
______________________________________________________________________
Related information:
Register your interest with the administrators
Tips on turning around a distressed business
An opportunity to acquire this old established funeral directors which has been in the same family for 75 years. Our clients are now to retire and take a well-earned rest.
An opportunity to acquire this thriving used car business with net profits of £132,799 (on 2021 to 2022 accounts). The sellers are to retire after over 18 years here. This is not your usual second hand car pitch, it is an upmarket, quality used car c...
LEASEHOLD
Excellent local Post Office and fully licensed convenience store situated in this commanding main road trading position in the centre of a well populated residential area.
19
|
Mar
|
UK administrations update: March 13 – 19 | ADMINISTRATION
Since our last update, the following businesses have been co...
19
|
Mar
|
Newcastle estate agency acquires local rival | BUSINESS SALE
Northwood Newcastle, a family-run estate agency based in New...
18
|
Mar
|
Utilities group Beauparc acquires Sheffield waste management firm | BUSINESS SALE
Beauparc, a Dublin-headquartered utilities provider, has acq...
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.