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
This is an exciting opportunity to acquire a well-established restaurant business in a highly desirable area of Brentwood.
LEASEHOLD
This well-established UK business offers a unique opportunity to step into a leading position in its sector, benefiting from a substantial client base and strong referral rates.
This business offers a comprehensive turnkey solution in the building sector, known for its skilled workmanship, reliability, and extensive expertise in damp proofing, timber treatments, and structural waterproofing.
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