Tue, 12 Mar 2013 | ADMINISTRATION
Two hotels in the Lake District have been put up for sale after the companies running them entered administration recently.
Tracey Pye and Patrick Lannagan of BDO have been drafted in to act as the joint administrators to the two businesses – Taylor Hotels (Grasmere) Ltd, behind the Red Lion Hotel, and Riverside Hotels Ltd, which operates Burnside Hotel - and also as the Law of Property Act Receivers over related properties.
The hotels are still trading and are being marketed by Colliers International and GVA. The administrators have already received expressions of interest from corporate buyers.
There has been no information given on the reason for the hotel operators’ distressed situation, and no staff have been made redundant.
Located in Grasmere, the Red Lion Hotel has 49 en-suite bedrooms and leisure facilities. It has 37 employees. The Burnside Hotel is situated in Bowness-on-Windermere, has 57 bedrooms and a leisure centre, with 41 staff.
Collies and GVA said in a joint statement, “The two hotels have already attracted strong interest from corporate purchasers, the hotels enjoy enviable positions within Bowness and Grasmere and both hotels come to the market with strong trading records and enviable reputations amongst local hoteliers.”
____________________________________________________________________________
Related articles:
Buyers sought for Gloucestershire Hotel on the Park
Paragon Hotel on the market for £6 million
How to buy a hotel
Having established numerous trademarks, Project Clover offers a broad array of internal and external home décor and associated products, such as outdoor furniture and heating; indoor and outdoor lighting; electrical fireplaces and heaters; storage an...
The company specialises in thermal insulation and trace heating solutions, installing and maintaining a wide array of insulation types, fire protection and weatherproof coverings. The business effectively works on many properties, including retail ou...
The group offers a comprehensive range of renewable energy solutions, including solar and electrical design, technical surveys, and installation services for various sectors. As an approved Lux Power installer, the business uses the latest technology...
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.