Two Niche Hotels in administration

07 January 2009 by
Two Niche Hotels in administration

The managing director of luxury group Niche Hotels has officially confirmed that two of its properties are now in administration, as revealed first on Kitchen Rat last month.

Both Niche's Wyckhillhouse hotel and spa in Stow-on-the-Wold and the Royal hotel in Cardiff have been placed into administration, after falling consumer spending and ongoing refurbishment programmes at the properties landed them in financial difficulties.

Alan Corlett, managing director of the hotel group, said while the two properties were "trading as going concerns" the remainder of the hotels in the group were trading as usual and Niche remained financially sound.

Corlett said: "The administrators at MCR will now decide what the best course of action will be for the two hotels in question]. Although it's out of my hands, I'd obviously like them to stay within the Niche Hotels fold."
The news follows the revelation that high-profile downturn casualty Folio Hotels is to be rescued from administration by the end of the week in a deal that will see Bespoke Hotels taking on the running of 13 sites.

Read our Kitchen Rat blog here>>

Who's who… Niche Hotels>>
Niche hotel sale signals>>
Folio Hotels to emerge from administration this week>>

By Gemma Sharkey

E-mail your comments to Gemma Sharkey here. jobs
Looking for a new job? Find your next hotel job here with jobs

[The Caterer Blog]( Catch up with more news and gossip on the Caterer Blog here
[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