Wed, 11 Feb 2015 | ADMINISTRATION
A UK hotel chain is seeking a new buyer after going into administration.
Oyster Hotels Ltd, which operates three hotels including the Marsh Farm Hotel in Wootton Bassett, Swindon, has been taken over by administrators.
Joint administrators Arron Kendall and Simon Thomas of restructuring and insolvency firm Moorfields Corporate Recovery were appointed to Oyster Hotels Ltd on 9 February.
Marsh Farm is a 50-room hotel, which provides conferencing facilities, a beauty salon and restaurant. The group also manages The Chequers Hotel in Newbury, Berkshire and Gretna Hall hotel in Scotland.
With the help of hospitality and leisure sector specialist Convivial Group, the administrators are continuing to trade the hotels.
Joint administrator Arron Kendall explained: “We are currently continuing to trade the hotel whilst we explore the options, but are hopeful to find a buyer.
“The hotel sector is continuing to show strong signs of growth and Marsh Farm Hotel has a good range of facilities and benefits from a desirable location. We believe it provides a good opportunity for potential purchasers.”
______________________________________________________________________
Related information:
Register your interest with the administrators
Tips on turning around a distressed business
Represents an opportunity for a hospitality acquirer seeking a restaurant with additional takeaway in Harrow.
LEASEHOLD
Wedding venue business with accommodation and large restaurant for sale in Cambridgeshire. With a capacity for up to 110 wedding guests, the16th Century traditional building boasts original features, open fireplaces, exposed beams and elegant interio...
LEASEHOLD
Restaurant for sale in Hartley Wintney, Hampshire. Offering a 3-bed flat, a large car park, and a detached property.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.