Instigated by a “slowdown in consumer spending,” country house hotel Dunsley Hall has entered administration.
Located near Whitby, the Victorian hotel is a popular venue to wedding receptions, special occasions and conferences.
Bob Maxwell and Nick Reed, of Begbies Traynor, were appointed as joint administrators on 13 January 2014.
While the administrators look to sell the business as a going concern, the hotel will continue to trade.
Bob Maxwell said: “We are continuing to run the business as normal whilst we seek a buyer.
“Already, we have been approached by several interested parties and we are hopeful of completing a sale in the near future.