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
This unique business excels in the import and distribution of hairpieces across diverse sales channels, boasting a vast product range designed to look natural for all customer segments. With strong supplier relationships and a multifaceted sales stra...
This established business is a leading provider of customised boiler analysis systems, boasting strong, long-term relationships with prestigious clients in the power, refinery, and defence sectors. With a talented team and a solid presence in interna...
This business offers a strategic position as a UK agent for a renowned recycling machinery manufacturer, serving a robust client base that includes international blue-chip organisations. With opportunities for expansion into new sectors and a fully r...
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.