Thu, 25 Aug 2011 | BUSINESS SALE
A buyer is being sought for The Best Western Mount Sorrel hotel in Barry, south Wales, following its administration.
Handling the sale of the three-star, 42-bedroom hotel are administrators Smith & Williamson, who are looking to sell it on as a going concern.
The recently refurbished hotel comprises a large bar, three function rooms seating up to 240 guests, a 45-seater restaurant, indoor swimming pool and well-equipped gym. The hotel is independently managed and currently employs 31 staff members.
Turnaround and restructuring specialist at Smith & Williamson, Gil Lemon, told Catering Search, “We have been appointed by the directors of Martin Willcock, which trades as Best Western Mount Sorrel hotel, to try to sell the hotel as a going concern after it hit severe cash pressures.
“We are extremely optimistic about achieving a sale for this established hotel, which ... comes under the respected Best Western brand but is independently managed, and several parties have come forward to express an interest in purchasing the business since we were appointed administrators,” added Lemon.
The hotel - reportedly the largest in Barry - is currently continuing to trade as normal until a buyer is found.
Opportunity to acquire an established mixed dental practice in Tyne and Wear, efficiently led by associates.
LEASEHOLD
Established for over 40 years with a turnover in excess of £500,000, the business enjoys limited competition locally. The sale includes the business assets and the lease of the premises will be assigned to the new owner.
Major landmark store, 100+ years established, occupying valuable trading position within this mid-Devon town, centrally positioned on Crediton high street, opposite Costa Coffee, close Tesco Express, with free restricted stay car parking immediately...
FREEHOLD
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.