Two subsidiary companies of Akkeron Hotel Group have entered administration.
Akkeron Hotels (Admiral) Ltd and Akkeron Hotels (Corby) Ltd both entered administration on 26 February, nine days after Akkeron Hotels Ltd also became insolvent.
Prior to entering administration, Akkeron Hotels (Admiral) Ltd and Akkeron Hotels (Corby) Ltd changed their name to Barinbrook Ltd and Barinbrook (Central) Ltd respectively.
Peter Holder, Nick Cropper and Anne O’Keefe of Zolfo Cooper were appointed joint administrators of Barinbrook Limited and Barinbrook (Central) Limited on 26 February 2014.
Holder, joint administrator and partner at Zolfo Cooper, said: “We are assessing the available options and would like to thank the staff for their continued support and professionalism during this process.”
Barinbrook Limited operates six leasehold hotels: Himley Hotel in Dudley; Quality Hotel in Bury St Edmunds; Quality Hotel in Colchester; Quality Hotel in Peterborough; Cromwell Hotel in Stevenage; and Quality Hotel in Kings Lynn.
Barinbrook (Central) Limited owns Best Western Rockingham Forest Hotel, located in Corby.
Administrators have confirmed the hotels will continue to trade “while the available options, including a sale, are assessed.”
Holder, speaking of the Best Western Rockingham Forest Hotel, said: “We welcome expressions of interest from third parties to acquire this hotel.”
Akkeron Group director James Brent is also chairman of League Two football club Plymouth Argyle. The club issued a statement to stress the administrations will not affect the finances of the club.
The statement, posted on the club’s website, said: “We would like to reassure our supporters that the club’s finances are not under threat.
“We also wish to point out that Plymouth Argyle is run separately from the other companies under the control of chairman James Brent, with its own board of directors and funding.
“The current financial restructuring programme within the Akkeron Hotels Group is entirely irrelevant in the context of PAFC.”