Award-winning Lancashire hotel enters administration

Wed, 25 Apr 2018 | ADMINISTRATION

A hotel voted as one of the best in Lancashire last year has called in administrators to oversee finding the business a new owner.

The Best Western Plus Samlesbury Hotel, located near Preston, has appointed joint administrators from Manchester firm Duff and Phelps to advise on next steps. The hotel’s current owners are reportedly keen to find a new buyer, with business continuing as much as possible in the meantime.

The news came as shock to those in the area as the hotel had just been shortlisted in the Hotel of the Year category in the 2018 Lancashire Business Awards – an award it won in 2017.

The company said that uncertainty resulting from Brexit and the pressures of paying the national living wage at a time when inflation was rising put a great deal of financial strain on the business.

Joint administrator Matthew Ingram said that these pressures had come to bare on the leisure industry as a whole, meaning that many firms in the sector “are facing a bumpy road ahead”.

He added: “Consumer confidence is the driving force of the sector and, as such, its health is dependent on economic certainty.”

Parent company Squire Hotels owns other prestigious hotels around the North of England, including the Windermere Hydro in the Lake District and the Etrop Grange Hotel near Manchester Airport.

Squire bought what was then called the Swallow Hotel in 2013 before spending £1 million on renovating it. It then was brought under the Best Western Plus brand – the UK’s largest collection of independently owned or family-run hotels - in order to raise its profile on a local level.


Share this article



Latest Businesses for Sale

Four Operational Fitness Business
North of England, UK Wide

Fitness brand, with four operational state-of-the-art gyms. Generates multiple revenue streams through memberships, day passes, sunbeds, supplements and rent. Offers invited.

Asking Price: Offers Invited
Turnover: £1,300,000

LEASEHOLD


Climbing Centre Business
Northamptonshire, UK Wide

An excellent opportunity exists to purchase the business and assets of Climbing Centre. Multi-disciplinary experienced staff in place. Offers invited.

Asking Price: £30,000
Turnover: £250,000

LEASEHOLD


Indoor Trampolining Adventure Park
Telford, Shropshire, West Midlands, UK

Indoor trampoline park offering a wide variety of activities including, dodgeball, battlebeam, jump tower, interactive wall, bouldering wall, inflatables, Ninja warrior, basketball, toddler area, mini football pitch, dance school, tricking classes, s...

Asking Price: £950,000
Turnover: £1,000,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
23
 
May
 

Fintech company Loot collapses into administration | ADMINISTRATION

After failing to secure further backing from the Royal Bank ...

 
22
 
May
 

Spike in M&A activity in the education sector | BUSINESS SALE

In recent months, the education sector in the UK has witness...

 
22
 
May
 

Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION

Celebrity chef Jamie Oliver, who shot to fame after campaign...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
25
 
Aug
 

Best Western Mount Sorrel hotel for sale following administration | BUSINESS SALE

A buyer is being sought for The Best Western Mount Sorrel ho...

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