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.
Operates across a diverse range of sectors, with no reliance on any key client accounts. Skilled workforce with extensive expertise within the sector. Operates from leasehold premises in North East England. Offers invited
LEASEHOLD
The business for sale is a family owned, electrical appliance retailer and wholesaler based in Stalybridge, Greater Manchester. This business sells a wide range of freestanding and integrated kitchen and home appliances from washers, dryers, sinks, k...
LEASEHOLD
Now available to the market is this brilliant furniture manufacturing company in the south of England. Trading since 1996, this family run business has been supplying high quality wardrobes complete with sliding or hinged doors, with the ability to m...
LEASEHOLD
|
06
|
|
Dec
|
KPMG agrees to sell pensions arm | DIVISION SALE
Professional services network KPMG has announced that it has...
|
05
|
|
Dec
|
What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS
Private business mergers and acquisitions expert Sue Green o...
|
05
|
|
Dec
|
MBO at Bolton-based delivery comparison firm | MBO/MBI
Bolton-based parcel delivery price comparison company Parcel...
Sign up to receive our acquisition alert emails to get your FREE guide
|
06
|
|
Dec
|
KPMG agrees to sell pensions arm | DIVISION SALE
Professional services network KPMG has announced that it has...
|
05
|
|
Dec
|
MBO at Bolton-based delivery comparison firm | MBO/MBI
Bolton-based parcel delivery price comparison company Parcel...
|
05
|
|
Dec
|
What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS
Private business mergers and acquisitions expert Sue Green o...
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