Fri, 15 May 2026 | COMMERCIAL PROPERTY
Administrators have engaged specialist business property adviser to market a landmark Nottinghamshire hotel for sale. The Mour Hotel, which is located close to Junction 27 of the M1 in Annesley, is being marketed for sale on a long leasehold basis with an asking price of £6 million.
The hotel has 92 en-suite bedrooms spread over five floors, in addition to a bar and restaurant, fitness suite and function spaces with space for up to 150 guests. Designed by prominent hotel designer Amanda Rosa, The Mour Hotel was originally the first of the Dakota chain of hotels.
Administrators were appointed to the hotel’s operating company Seymour Capital Limited, in March 2026, following a disagreement between the company and its bank. According to proprietor Russell Allen, the administration was “absolutely not necessary” in the hotel’s case.
Allen, who secured £6 million from Virgin Money to acquire the hotel in 2010, said that, despite the hotel being solvent, he had been unable to agree a reasonable financial restructuring with the lender.
According to Allen, the bank refused to extend his overdraft after he did not consent to entering a tripartite agreement, which he said would have given the lender control of the enterprise.
Allen said that the hotel was “not distressed or insolvent”, but had been unable to pay back the capital of the loan over the previous three to four years, adding that trading had been boosted by the recent collapse of the nearby Belfry hotel and that the planned expansion of Sherwood Business Park (where the hotel is located) would also likely benefit the venue.
However, Virgin Money said that it could no longer support the business, resulting in the appointment of administrators. Bob Maxwell and Julian Pitts of BTG Begbies Traynor were appointed joint administrators of Seymour Capital Limited on March 18 2026.
At the time, Bob Maxwell stated that a sale would represent an attractive opportunity for a new owner, who could obtain Virgin Money’s backing.
He commented: "With the support of the lender, the business is perfectly viable, and we are confident that it will be a high-performing asset for a new owner with the required experience to optimise this type of venue.”
"We intend to operate the hotel with the help of all the existing dedicated and hard-working staff until a trade buyer is secured. We anticipate a great deal of interest in the property and business due to its high quality, and the recent closure of a competing venue locally that has significantly boosted forward bookings.”
"No redundancies are being made, in fact it is possible that we may need to hire more staff as we head into the busier spring and summer seasons."
Christie & Co has now been instructed to market the property for sale, with the level of interest received meaning that bids are being called for before Friday, May 22.
Senior Broker Matt Hill said: "The Mour Hotel is a landmark hotel and will be a great addition to any hotelier's portfolio. There are a number of opportunities with this asset due to its size, location and purpose-built facilities.”
"We have already received a number of enquiries on the hotel and would urge any further interested parties to get in touch as soon as possible."
In accounts for the year to December 31 2024, Seymour Capital Limited reported turnover of £2.4 million, roughly level with the previous year, while operating profit increased from £473,000 to around £513,000.
At the time, the company’s fixed assets were valued at approximately £11.9 million and current assets at slightly over £75,000, with net assets amounting to around £1.4 million.
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