Private buyer rescues New Northumbria hotel from administration

12 March 2010 by
Private buyer rescues New Northumbria hotel from administration

The 57-bedroom New Northumbria hotel, near Newcastle-upon-Tyne, has been purchased by a private individual for an undisclosed sum, from administrators Ernst & Young.

Located in Jesmond, to the north of Newcastle, the property was formerly owned by WG Mitchell, the Northern Ireland-based property company owned by brothers Patrick and Hugh Hegarty.

Ernst & Young was appointed as administrator to 28 of WG Mitchell's 75 companies in April 2009.

The hotel has two restaurants, Scalini's Jesmond and Louis' restaurant, as well as two bars.

"We are delighted to have secured this long established hotel, which has generated an admirable reputation, for our client," said Kerr Young, associate director at Christie + Co, which handled the sale on behalf of the purchaser.

"We believe that the mid-market hotel sector currently offers fantastic long-term investment opportunities."

Administrators seeking £50m for two Park Inn hotels >>

Crimson Hotels buys the Park Inn London >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

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 jobs
Looking for a new job? Find your next hotel job here with jobs

Blogs on]( Catch up with more news and gossip on all Caterer's blogs
[Newsletters For the latest hospitality news, sign up for our e-mail 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

Check mark icon
Thank you

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

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking