APPOINTMENT: Callbridge Hotels
A hotel company has been placed into administration for the second time.
Callbridge Hotels, which has two properties in Leicestershire and Somerset, is now under the control of administrators at Deloitte, who hope to sell the group as a going concern. Prior to being placed into administration for the first time, the company ran nine former Folio Hotels.
Callbridge currently operates the 112-bedroom Redwood Hotel & Country Club near Bristol, as well as the 48-bedroom Westfield Hotel in Blaby, Leicestershire, both of which are former Folio properties.
Lee Manning, partner at Deloitte, said the high property lease costs inherited from the peak of the property market and a reduction in consumer demand had led to the company’s downfall.
The administrators added that from the initial interest they had received, a sale was anticipated “shortly”.
|Appointment date||02 August 2010|
|Insolvency practitioners||Lee Manning @ Deloitte LLP|