Thu, 01 Dec 2011 | BUSINESS SALE
Hotel operator J&G Inns Limited has filed for administration.
The firm, which is run by Garry Smith and operates three hotels located in the north of the country, has confirmed that it will sell off two of its major assets, but that both premises will remain open and trading as normal whilst a buyer is sought.
Warkworth House hotel near Alnwick Castle and the Lord Crewe Arms hotel in Blanchland will both be sold, whilst no plans have yet been announced for the third hotel in the J&G Inns portfolio, Brackenrigg Inn near Ullswater in the Lake District.
Begbies Traynor in Newcastle-Upon-Tyne has been appointed by the hotel operator to act as administrator and to oversee the sale of the two historic hotels, whilst property agents Christie & Co will handle the marketing of the commercial properties for sale.
Joint administrator of Begbies Traynor, Andrew Haslam, told Travel Daily, “Both hotels will continue to operate as normal with all forward bookings fulfilled in the usual manner whilst the hotels are fully marketed by instructed agents Christie & Co.
“We have already received several notices of interest in both historic venues and are hopeful that a successful outcome for all parties can be achieved,” added Mr Haslam.
An established steel fabrication business in the East Midlands offers an attractive opportunity for those looking to enter or expand in the industry.
The business is well-established and offers its products and services across the region. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant.
LEASEHOLD
This business provides comprehensive groundworks services to prestigious clients across the UK, offering a seamless turnkey solution.
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