Hotel Verta goes into administration

01 August 2011 by
Hotel Verta goes into administration

Hotel Verta, the new-build London property launched by Von Essen in September last year, has been placed into administration.

Ernst & Young have been appointed to run the 70-bedroom hotel, which will continue to trade as normal. New owners are now being sought for the business, which was developed at a cost of £50m, alongside the London Heliport in Battersea.

Andrew Thomason remains in position as the hotel's general manager.

Hotel Verta was one of four properties which did not form part of the administration of Von Essen Hotels in April. Alongside the Forbury in Reading, Llangoed Hall in Powys and Hunstrete House, near Bath, it continued to be owned by Von Essen's founder Andrew Davis.

However, Hunstrete House, which was operated under licence by Von Essen, was placed into creditors voluntary liquidation, in May, and closed. The Georgian country house hotel was said to have been a loss-making business for several years.

There is no news yet regarding the sale of the portfolio of 27 Von Essen country hotels in the UK and one on France. Deadline for the bids passed nearly two weeks ago. Christie + Co are handling the sale.

What will the fall-out from von Essen's fall into administration be? Have your say >>

Von Essen's Verta hotel opens for business >>

Von Essen administrators send Hunstrete House into liquidation >>

Von Essen hotels on the market >>

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