Wed, 21 Jan 2015 | ADMINISTRATION
A hotel in Belfast has said that it will continue to fulfil commitments and continue to do business after being placed in administration.
The Ten Square hotel located on the corner of Linenhall Square just behind Belfast City Hall will continue to do business while business advisers EY look into its financial affairs.
The administrators said in a statement: “The hotel will continue to operate business as usual. All events booked with the hotel will go ahead and deposits paid will be honoured.”
The boutique hotel opened in 2000 and the current owner is property developer John Miskelly. The hotel has 23 bedrooms and also has a blue plaque adorning the exterior of the building to commemorate the former Lord Mayor and philanthropist Sir Otto Jaffe whose linen business was historically held within the building.
However, Colin Neill of Pubs of Ulster expressed his disappointment at the hotel being placed in administration, the News Letter reported. He said: “Hotels in particular operate in a very competitive and ever-changing marketplace.
“I am glad to hear the business will continue to operate as normal until a resolution can be found and I would be hopeful that the business itself would present a promising opportunity because of its prominent city centre location and the fact that it has traded very well for many years.”
______________________________________________________________________
Related information:
Search our latest listings for businesses entering administration
This represents a unique opportunity to acquire a profitable assisted nursing/living facility in the serene region of Yorkshire.
FREEHOLD
This is an opportunity to acquire a well-established company valued at over a million pounds, supported by a dedicated and hardworking team.
Opportunity to acquire a well-established dental practice in a prime North West London location, ideal for expanding your portfolio or stepping into practice ownership.
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.