Seaside star 28 February 2020 Simon Hulstone, owner of the Elephant in Torquay, on riding the wave of running a Michelin-starred restaurant for 15 years
In this week's issue...Seaside star Simon Hulstone, owner of the Elephant in Torquay, on riding the wave of running a Michelin-starred restaurant for 15 years
Read More
Search
The Caterer

Owner of Cwrt Bleddyn Hotel & Spa in administration

01 August 2012 by
Owner of Cwrt Bleddyn Hotel & Spa in administration

The owner of the Cwrt Bleddyn Hotel & Spa, a 45-bed property in Usk, Monmouth, Wales, has gone into administration.

The Best Western hotel's parent company, Lester Hotels (Usk), called in administrators on 24 July after struggling with high debt levels.

The hotel, which employs 50 staff, is understood to be trading as normal.

Restructuring firm Zolfo Cooper, which is handling the administration, is expected to sell the business as a going concern.

Fraser Gray, partner at Zolfo Cooper, said: "Unfortunately the hotel was acquired shortly prior to the downturn in the economy and, as a result, the recent economic conditions have led to increased financial pressures on the company. Consequently administration was the only viable option remaining.

"We will continue to trade the business while exploring all possible options for its future, including a sale of the business. We believe the Cwrt Bleddyn Hotel & Spa is an attractive proposition for a range of potential buyers and welcome expressions of interest from third parties.

"The hotel continues to trade as normal and the joint administrators intend to honour all current bookings. We would also like to take this opportunity to thank the staff for their dedication and professionalism during this process."

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

Tabletalk
Tabletalk
If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.catererandhotelkeeper.com/tabletalk

Catererandhotelkeeper.com jobs

Looking for a new job? Find your next job here with Catererandhotelkeeper.com jobs

Blogs on Catererandhotelkeeper.com ](http://www.catererandhotelkeeper.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-Newsletters](http://www.catererandhotelkeeper.com/email-newsletters.htm)[ For the latest hospitality news, sign up for our E-newsletters
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!