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
Long established with strong brand identity. High Levels of repeat business. Continually expanding customer base. Offers invited.
Very High profile customer base. Framework agreement with world's leading elevator manufacturer. Outstanding track record . Exciting expansion opportunity. Offers invited.
For Further Information: All enquires including requests for a non-disclosure agreement (NDA), should be directed to the below together with Your Name, Registered Company Name and Contact Number: Unconditional offers together with proof of funds to b...
|
19
|
|
Jan
|
Luxury lodging group enters administration | ADMINISTRATION
An Essex-based company which operates eight luxury lodge par...
|
17
|
|
Jan
|
Fine paper business enters administration | ADMINISTRATION
Arjowiggins UK, which operates a number of trading companies...
|
15
|
|
Jan
|
Hawk Plant enters administration | ADMINISTRATION
The Shropshire company, that has previously undertaken landm...
Sign up to receive our acquisition alert emails to get your FREE guide
|
15
|
|
Dec
|
Two pub companies enter administration | ADMINISTRATION
Mitchell’s of Lancaster (Brewers) Limited and York Bre...
|
29
|
|
Aug
|
Printing providers on the market for sale | BUSINESS SALE
An advertisement for London-based digital and litho printing...
|
25
|
|
Jul
|
SP Group Limited enters administration | ADMINISTRATION
Based in Redditch in the West Midlands, SP Group Limited is ...
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