Mon, 19 Sep 2011 | ADMINISTRATION
A buyer is being sought for Whittlebury Hall, the hotel and conference venue in Towcester, Northamptonshire, which has entered administration.
Peter Holder, Kevin Coates, Nick Cropper and Anne O’Keefe from restructuring specialists Zolfo Cooper have been appointed to handle the administration. They have said that they are confident of finding a buyer for the business and will be trading it as normal until one is found.
Mr Holder said that everything was in Whittlebury Hall's favour for it to continue as a business under new management - not least of all its geographic location, right next to the iconic Silverstone racing circuit.
"This is a profitable and high quality hotel ideally situated next to the Silverstone Circuit," said Mr Holder. "We expect to receive a significant level of interest in the hotel, as it represents a great opportunity to acquire a good hotel in a unique location."
The business employs some 130 staff, and no redundancies have been made. Mr Holder added that they would be exploring all possibilities for the future of the venue and were keen to hear from any interested parties. The hotel would still be honouring its existing bookings, vouchers and memberships to its gym facilities.
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This substantial 43-bedroom urban hotel, situated just 5 miles from Newcastle city centre, offers an exceptional investment opportunity with its prime trading location and extensive public areas, including a popular bar and refurbished function room.
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