Two Lake District hotels with for sale signs

Tue, 12 Mar 2013 | ADMINISTRATION

Two hotels in the Lake District have been put up for sale after the companies running them entered administration recently.

Tracey Pye and Patrick Lannagan of BDO have been drafted in to act as the joint administrators to the two businesses – Taylor Hotels (Grasmere) Ltd, behind the Red Lion Hotel, and Riverside Hotels Ltd, which operates Burnside Hotel - and also as the Law of Property Act Receivers over related properties.

The hotels are still trading and are being marketed by Colliers International and GVA. The administrators have already received expressions of interest from corporate buyers.

There has been no information given on the reason for the hotel operators’ distressed situation, and no staff have been made redundant.

Located in Grasmere, the Red Lion Hotel has 49 en-suite bedrooms and leisure facilities. It has 37 employees. The Burnside Hotel is situated in Bowness-on-Windermere, has 57 bedrooms and a leisure centre, with 41 staff.

Collies and GVA said in a joint statement, “The two hotels have already attracted strong interest from corporate purchasers, the hotels enjoy enviable positions within Bowness and Grasmere and both hotels come to the market with strong trading records and enviable reputations amongst local hoteliers.”

Related articles:
Buyers sought for Gloucestershire Hotel on the Park
Paragon Hotel on the market for £6 million
How to buy a hotel

Share this article

Latest Businesses for Sale

Contemporary Bar & Bistro
Lancashire, UK Wide

The business for sale is a highly contemporary bar and bistro serving an array of high quality, locally sourced and freshly prepared food and drinks with a great environment. Great reputation in the area for food and live music. Has built up a reliab...

Asking Price: £99,950
Turnover: £450,000


Commercial Cleaning Company
Berkshire, UK Wide

Leading cleaning company in area. High-quality contracts and clientele. All equipment included in the sale. Well-established. Company has an excellent retention rate with a valuable team of staff. Huge scope for growth. The business is now for sale o...

Asking Price: £180,000
Turnover: £436,428


Online Strapping Retailer
Devon, UK Wide

This is an excellent opportunity for an interested and committed buyer to take on a highly reputable e-commerce business which specialises in strapping and other fastening equipment. Excellent online reputation. Wide range of stock. Loyal commercial...

Asking Price: £350,000
Turnover: £1,129,718


View more businesses for sale

News Search

Latest News


Monsoon Accessorize close to administration | ADMINISTRATION

Fashion retailer Monsoon Accessorize is close to entering ad...


M&G completes purchase of Ascentric platform from Royal London | BUSINESS SALE

Asset manager M&G has completed the purchase of wealth manag...


Food-to-go supplier calls in administrators | ADMINISTRATION

Adelie Foods, one of Britain’s biggest suppliers of sa...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


Norton Motorcycles seeks buyers as it enters administration | ADMINISTRATION

Historic motorbike manufacturer Norton Motorcycles has enter...


Administrators appointed for major bathroom retailer – buyer sought immediately | ADMINISTRATION

With 135 stores dotted around the country, and thought to be...


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources