Von Essen in Administration
This has just come up on BBC News. Just of interest as in the same fold as Premiair and Battersea.
The holding company of the von Essen hotel chain has appointed accountants Ernst & Young (E&Y) as administrators
The firm owns 28 luxury hotels in the UK and France.
The hotels themselves are not in administration and are operating normally, E&Y said in a statement.
And from Caterersearch.com (don't ask!):
Von Essen Hotels has fallen into administration with debts of more than £250m.
Administrators Ernst & Young are reported to have been appointed by Barclays and Lloyds Banking Group after the five-star hotel group breached a covenant governing the minimum level of underlying earnings and failed to make an interest payment on its debt.
Only the Von Essen Hotels holding company is in administration.
Last edited by 101BOY; 21st Apr 2011 at 13:08.