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Georgian hotel in administration for second time in three years

27 March 2017 by
Georgian hotel in administration for second time in three years

The Georgian hotel in Haslemere, Surrey, has gone into administration for the second time in three years.

Sarah Burke and Mark McVeigh acquired the 43-bedroom hotel out of administration in May 2015 and operated it under Lionhouse Hotels. The hotel was previously owned by Hollybourne Hotels but went into administration, along with the company's four other hotels, in February 2014.

Mark Ford and Henry Shinners of Smith & Williamson were appointed administrators of Lionhouse Hotels on 6 March. Christie & Co has been appointed to market the hotel and is seeking offers off a guide price of £2.5m.

A joint statement from the administrators read: "The business had run in to cash flow difficulties in recent months and most staff had not been paid February's wages. Since our appointment the arrears in staff wages have been paid in full.

"The company is continuing to operate under the control of the administrators and in association with Licensed Solutions. We are currently looking to sell the business as a going concern and a number of interested parties have already been in contact. However, we encourage interest from others and invite any party with an interest in acquiring the business and assets to get in touch."

The hotel website reads: "We are still very much open and it is definitely business as usual.

"The whole team, headed up by general manager Chris Sharp are still here and are 110% committed to providing the same great service and can reassure guests that there will be no impact on their existing reservations."

Hollybourne Hotels' portfolio also included Alton House in Alton, Hampshire; the Red Lion in Basingstoke, Hampshire; the Manor House hotel in Guildford, Surrey; and Farnham House in Farnham, Surrey.

Three of the hotels (Alton House, the Red Lion and Farnham House) were sold to Hollybourne Developments, a director of which is Anthony Bailey, who was also a director of Hollybourne Hotels. Dominic Parker and Nahid McNeil took over the Manor House hotel in December 2015.

Hollybourne Hotels to be sold after going into administration >>

Grosvenor House hotel owner out of administration >>

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