Thu, 01 Dec 2011 | BUSINESS SALE
Hotel operator J&G Inns Limited has filed for administration.
The firm, which is run by Garry Smith and operates three hotels located in the north of the country, has confirmed that it will sell off two of its major assets, but that both premises will remain open and trading as normal whilst a buyer is sought.
Warkworth House hotel near Alnwick Castle and the Lord Crewe Arms hotel in Blanchland will both be sold, whilst no plans have yet been announced for the third hotel in the J&G Inns portfolio, Brackenrigg Inn near Ullswater in the Lake District.
Begbies Traynor in Newcastle-Upon-Tyne has been appointed by the hotel operator to act as administrator and to oversee the sale of the two historic hotels, whilst property agents Christie & Co will handle the marketing of the commercial properties for sale.
Joint administrator of Begbies Traynor, Andrew Haslam, told Travel Daily, “Both hotels will continue to operate as normal with all forward bookings fulfilled in the usual manner whilst the hotels are fully marketed by instructed agents Christie & Co.
“We have already received several notices of interest in both historic venues and are hopeful that a successful outcome for all parties can be achieved,” added Mr Haslam.
The business was created by the owner in 2017. Having over 30 years of expertise and knowledge within the industry our client has created this highly profitable concept, offering a highly rated service, which has resulted in the success and growth...
This sale comprises two businesses; a furniture maker and a distributor of European-sourced furniture. Together, they enjoy great success selling to B2B markets and there are many opportunities to increase their ranges, audiences and profits.
Boasting a healthy turnover, and a superb reputation with positive online reviews. This trade is located in a prominent position on a main road in Worksop.
LEASEHOLD
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