Sat, 30 Mar 2013 | ADMINISTRATION
A buyer is being sought for the Tillington Hall Hotel in Stafford, which has entered administration.
The administration has come as something of a surprise to staff and those involved in the business. Kate Smith, spokesperson for the administrators, confirmed the news in a statement to the local paper, the Express & Star: "Simon Thomas and Shelley Bullman of Moorfields Corporate Recovery LLP have been appointed administrators over Tillington Hall Hotel Ltd.
"The popular hotel located in the heart of England, in the county town of Stafford includes 91 bedrooms, conference and events facilities and a restaurant and bar. The hotel is located close to the M6 and in an ideal location to explore local attractions."
She added that the hotel will continue to trade under the control of Moorfields while efforts are made to find a buyer for the business.
The hotel has been in operation since 1969 and is thought to be one of the most well-thought of hotels in the town. Its established reputation is expected to generate substantial levels of interest, with locals confident that a buyer will be found relatively quickly.
MP for Stafford, Jeremy Lefroy, told the paper: "The hotel is in a good location and I believe there will be a lot of interest in the site."
He added: "I hope that the administrators will be able to preserve the venue as a viable business and that jobs at the hotel are maintained."
_________________________________________________________
Related articles:
How to profit from buying a distressed business
A buyer's guide to hotels for sale in the UK
This is a unique opportunity to acquire a reputable construction company based in Bedfordshire. The business is available on a leasehold, freehold or relocatable basis depending on the purchaser.
This high-class restaurant in South Yorkshire is a rare opportunity, featuring a prime city-centre location and a vibrant, elegantly designed interior.
LEASEHOLD
This well-established stoves and cookers business in East Sussex offers a tastefully organised setting with spacious showrooms, a large office, and nearby warehousing featuring excellent facilities like a forklift.
LEASEHOLD
08
|
Aug
|
Former Shropshire care home up for sale for £450,000 | COMMERCIAL PROPERTY
A former care home in Shropshire has been put up for sale wi...
08
|
Aug
|
South West brass instruments manufacturer acquired by Italian firm | BUSINESS SALE
Denis Wick Products Limited, a South West-based manufacturer...
08
|
Aug
|
Logistics firm acquires supply chain services provider and parcel of land | BUSINESS SALE
Williams Shipping, a longstanding marine and logistics servi...
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.