Tue, 27 Sep 2022 | COMMERCIAL PROPERTY
A Yorkshire country house hotel has been put up for sale after falling into administration as a result of the financial impact of COVID-19. Monk Fryston Hall Hotel, situated in the Vale of York, is a Grade II-listed site set in 29 acres of land.
The hotel, which dates back to the 12th century, was a popular wedding venue prior to its COVID-enforced closure, and features 29 en-suite rooms, function rooms and a restaurant, as well as ornate gardens, mature parkland and lakes.
Monk Fryston Hall Hotel closed during the pandemic, before facing a number of challenges that prevented it re-opening. Despite the hotel having traded successfully for many years and numerous parties expressing interest in the business, a sale could not be concluded.
As a result, the directors have now appointed Begbies Traynor as administrators. The joint administrators will protect the business while they search for a buyer, with the hotel being marketed for sale by property agent Eddisons.
Joint administrator and Begbies Traynor Regional Managing Partner in Yorkshire Julian Pitts commented: “Monk Fryston Hall Hotel is a magnificent historic building set in acres of beautiful parkland and has been successfully trading as a hotel and wedding venue since the 1950s.”
"Unfortunately, like many businesses in the hospitality sector, the disruption of the pandemic proved to be too great a burden for it to bear.”
“We are currently working closely with Eddisons to market the business in order to provide the best return for creditors as well as enabling it to continue to trade and provide jobs for local people.”
The UK hotel sector was among the worst affected by the pandemic and its associated lockdowns and restrictions, leading to a wave of insolvencies. However, since COVID-19 rules were lifted last year, many have returned to growth following the resumption of tourism and corporate travel, prompting considerable M&A activity in the sector.
Read more about M&A trends in the UK hotel sector.
One of the best ways to find properties below market price is to look at recent administrations.
Find businesses for sale here.
This outstanding hotel business is now for sale in Buckingham. Since its founding in 2000, it has built up an impressive client base. Having a freehold tenure on the property aids an easy transition for a new owner. It sees a high annual turnover, pr...
FREEHOLD
The inn, sits well along New Street within the North Ayrshire town of Stevenston. It is one of the “Three Towns” along with Ardrossan and Saltcoats, on the east coast of the Firth of Clyde. They offer a host of local and high street amenities includi...
FREEHOLD
A well-presented and spacious accommodation to the rear of the hotel comprising 3 bedrooms, newly fitted kitchen (2021) and office on the ground floor with lounge and bathroom/shower on the first floor. In addition, direct access is given to a possib...
FREEHOLD
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.