Thu, 23 Feb 2017 | ADMINISTRATION
Joint administrators are seeking a buyer for two hotels after the parent business Abbot Grange Ltd entered administration.
The hotels, both located in the Midlands, are being traded as normal while the administrators look to sell the business. Matthew Ingram and Sarah Bell, insolvency practitioners at Duff & Phelps, were brought in on 16th February 2017.
The Dovecliff Hall Hotel in Stretton is a grade-ll listed Georgian manor house that traces its roots back to 1790 when it was built for a local well-to-do family, while The Bridge Hotel in Thrapston, Northamptonshire, is newer with 15 bedrooms.
Customers who have bookings with the hotel need not be concerned about the proceedings, with administrator Mr Ingram stating: "We are aware that a number of people have weddings and other celebrations booked in advance at the venues and have been in touch with those parties to assure them of the commitment to honour bookings that have been made."
And regarding the sale: “These are established venues and present an excellent opportunity for an ambitious and visionary operator. I am optimistic that we will have positive developments to report in the near future.”
The business last reported total fixed assets of £2.67 million.
Buyers can make contact with the administrators here
A sale will be executed at the earliest opportunity with offers received by Friday 10th July 2020. Long‐established (c.15 years), regionally‐based, commercial and residential scaffolding business for sale. Highly profitable business with regular repe...
LEASEHOLD
Has in excess of 2,100 subscribers, all of whom provide reliable, repeat business on an ongoing basis, in addition to a high volume of customers making one-off purchases. Operates from leasehold premises; however, the company could be relocated to a...
RELOCATABLE
Offers professional and humane pest control solutions, helping clients throughout the South East maintain pest-free environments. Sources ethical, effective and competitively priced solutions, which meet its clients’ requirements. Offers invited.
FREEHOLD
|
03
|
|
Jul
|
Next completes sale and leaseback of head office and warehouses | COMMERCIAL PROPERTY
High street fashion retailer Next Plc has confirmed the succ...
|
02
|
|
Jul
|
Benchmark Holdings secures sale of veterinary business | BUSINESS SALE
Sheffield-headquartered aquaculture health, nutrition and ge...
|
01
|
|
Jul
|
TM Lewin to close all UK stores in pre-pack administration | ADMINISTRATION
Shirtmaker TM Lewin will close all 66 of its UK stores as pa...
Sign up to receive our acquisition alert emails to get your FREE guide
|
19
|
|
Jun
|
Living Ventures places Blackhouse and Newgate into administration | ADMINISTRATION
Living Ventures has placed its Blackhouse and Newgate restau...
|
03
|
|
Jun
|
28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE
28 Oddbins stores will remain open after the off-licence ret...
|
11
|
|
May
|
Arlington Automotive Group calls in administrators | ADMINISTRATION
Car component supplier Arlington Automotive Group has appoin...
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