Wednesday, Dec 03, 2008
Hotel group in administration
property week: Hotel group in administration
Based in Swindon it employs 2,000 people, runs 34 three and four-star properties, including the Richmond Hill and Richmond Gate hotels in southwest London, Hall Garth Hotel in Darlington and Etrop Grange at Manchester Airport.
The company, which leases rather than owns its hotels, had been in negotiations with its landlords for several weeks with the aim of securing a rent holiday.
According to the Times, the administration was precipitated when the owner of nine of its hotels - believed to be the Landesberg and Rosenberg families, who also own Admiral Taverns - pulled out of the negotiations.
Posted by mark @ 01:51 PM (185 views) Add Comment
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