Hotels group enters administration
HOTELS operator QHotels Group, which owns several venues in the West Midlands, has been placed into administration as part of a refinancing deal.
The Yorkshire-based group, which owns 21 hotels across the UK including Chesford Grange in Warwickshire and Stratford Manor, said the administration only involved its holding company and would have “no impact on staff, customers or suppliers and the QHotels business will continue as normal”.
The three-year refinancing arrangement has been agreed with Irish Bank Resolution Corporation which QHotels Group said would allow it “to continue its successful programme of business development and investment”.
The QHotels Group Ltd, the original group holding company, has been placed into administration and replaced for all group companies by a new holding company, QHotels Holdings Limited with all other group companies unaffected.
QHotels managing director Michael Purtill and finance director Ian Goulding will continue to run the company while Tim Scoble, who has held a number of senior management roles in the leisure sector, has been appointed chairman of QHotels Holdings Ltd.
The group also owns The Stratford, in Stratford upon Avon, and Telford Hotel and Golf Resort.