Sussex hotels linked to poet Shelley bought out of administration
New owners of the four-AA-star, 19-bedroom The Shelleys hotel in East Sussex, intend to breathe new life into the property, which went into administration in December 2010.
Colonnade Hotels, a family run group of four properties in Brighton and Hove, plan to spend up to £1m on extending the number of bedrooms to 25, as well as expanding the conference facilities. The hotel was once owned by the family of the poet Percy Bysshe Shelley.
John Corbett, commercial director of Colonnade Hotels said that the 16th century, Grade II-listed hotel represented middle England at its very best. "We aim to make the hotel great for the people of Lewes again and the town's number one wedding destination."
Jason Baker, partner and joint administrator at FRP Advisory, said that the hotel was placed in administration following a downturn in trade and a relocation of some key corporate clients that no longer required accommodation in the area.
The hotel's turnover for the year ending 31 March 2010 was £781,000, which had dropped from £923,000 during the previous year. The Shelleys was sold to Rudy and Carlo Fernando in 2007.
Sussex hotel linked to poet Shelley is sold >>Hotel linked to poet Shelley is in administration >>
By Janet Harmer
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