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.
In a prime location, this freehold business opportunity includes a detached, well-equipped bakery factory along with a retail outlet and cafe, all part of a family business with a century of trading history.
Established in key industries like power generation and rail, this company offers specialised electrical and engineering services across the UK and Ireland, boasting strong relationships with blue-chip clients and a reliable income stream.
This well-established company has a decade-long track record in a growing market and is fully relocatable or can be operated remotely, providing flexibility for the new owner.
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