Tue, 01 Feb 2011 | BUSINESS SALE
A Belfast-based hotel has been put up for sale following the administration of its owners.
Highways Hotel in Larne was previously owned by Sonah (NI), a property firm which was placed into administration in October last year following growing debts of more than £1 million. The hotel ceased trading in July of last year.
The three-storey, 36-bedroom Highways Hotel has been put onto the market by administrators KPMG, with an asking price of £800,000. KMPG is hoping to recoup some of the debts the hotel owes to creditors, including drinks firm Diageo, which had loaned the firm £300,000 by way of a mortgage over the hotels' lease and drinks licence.
Commercial property agents Osborne King reported that the hotel was in 'good condition, requiring only some redecoration.'
However, kitchen equipment and fittings have already been removed and are not included in the sale. Alongside its 36 bedrooms, the hotel also has two conference rooms, restaurant, bar and a function room which can hold 400 people.
Osborne King also said that the hotel's 'prominent situation and location' could make it the ideal development project for a prospective buyer, who could turn it into a nursing or care home.
Osborne King also recently sold the former O’Neill Arms in Toomebridge, which was one of a group of hotels previously owned by the defunct McLarnon group. The hotel, which has been reopened as the White River Hotel, was acquired by Camden Group for £750,000.
Once a thriving online garden centre started in 2018, after an internal dispute the business stopped trading in 2022. In a space of just 3 years the business achieved £500k in turnover. This is a perfect opportunity for someone looking for a new...
Presenting an opportunity to acquire a very profitable plumbers and heating merchants business operating nationwide.
Popular and well-regarded Sushi and Ramen restaurant and takeaway, which is situated in a prime city centre location in Norwich. The premises are set over three floors and are presented to an extremely high standard throughout and offers the opportun...
LEASEHOLD
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
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
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.