Administrators pursue buyer for hotel group

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


Share this article



Latest Businesses for Sale

Printed Packaging Manufacturer
London, South East, UK

Long established with strong brand identity. High Levels of repeat business. Continually expanding customer base. Offers invited.

Asking Price: Offers Invited
Turnover: £847,000

Industrial & Elevator Door Engineering
South of England, UK Wide

Very High profile customer base. Framework agreement with world's leading elevator manufacturer. Outstanding track record . Exciting expansion opportunity. Offers invited.

Asking Price: Offers Invited
Turnover: £925,000

Automotive Development & Tuning Business (Fast Sale)
UK Wide

For Further Information: All enquires including requests for a non-disclosure agreement (NDA), should be directed to the below together with Your Name, Registered Company Name and Contact Number: Unconditional offers together with proof of funds to b...

Asking Price: Offers Invited
Turnover: £445,000


View more businesses for sale

News Search

Latest News

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

 
15
 
Jan
 

Hawk Plant enters administration | ADMINISTRATION

The Shropshire company, that has previously undertaken landm...

 
12
 
Jan
 

North East furniture manufacturer has entered administration | ADMINISTRATION

Godfrey Syrett, which describes itself as a “true Brit...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
19
 
Mar
 

Country house hotel on the market | BUSINESS SALE

A country house hotel in Royal Wootton Bassett has gone on t...

 
01
 
Apr
 

Eco-friendly car company calls in administrators | ADMINISTRATION

Ecoigo Limited, one of the UK’s leading eco-friendly c...

 
13
 
Dec
 

Blockbuster sale winds up as administrators close final stores | BUSINESS SALE

Blockbuster's stock sale will be winding up over the ne...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources