Fri, 14 Mar 2014 | ADMINISTRATION
Months after being placed into administration Scalford Hall Hotel has been purchased by a private buyer.
Entrepreneur and property developer Colin Warburg has bought the 88-bed hotel - rescuing the jobs of 50 staff in the process - for about £1.5 million. Scalford Hall Ltd went into administration in October after cash flow difficulties, with Zolfo Cooper drafted in to run the hotel while seeking options for the business.
Situated in Leicestershire, near Melton Mowbray, the three-star venue comprises nine management training suites, and 15 fully serviced syndicate rooms, with weddings also hosted there.
Mr Warburg is now looking to bring the conference organisers back, plough new cash into the accommodation and technology, and grow the sales team.
His numerous plans for the hotel include adding new facilities such as a large marquee for conferences, product launches and weddings for about 400 covers. He also intends to increase the number of twin-bedrooms in place of doubles and install two new suites, a new business centre and boosting the hotel’s Wi-Fi services as well. The changes will also do more to draw in families, such as Easter egg hunts at Easter.
Warburg told the Melton Times: “The staff here have gone through two spells in administration and have been incredible. Thankfully that is all behind us now and we can look forward to a brighter future together.
“For me this is a new venture and I am relishing the challenge. I looked at 60 hotels and bought this one.”
______________________________________________________________________
Related information:
Scalford Hall in administration: the details
Other hotels in administration
This subscription-based learning and e-assessment services business offers exceptional revenue visibility and high customer retention, driven by its essential legal and regulatory compliance training for transactional finance professionals.
Exciting opportunity to take over a long-standing business with growth potential through marketing efforts.
Exciting opportunity to acquire a reputable removals business with strong public sector partnerships and national growth potential.
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.