Queens owner QHotels placed into administration
YORKSHIRE hotel business QHotels Group, owner of the historic Queens Hotel in Leeds, has been placed into administration as part of a refinancing deal.
The group, which owns 21 hotels across the UK including Aldwark Manor in North Yorkshire and Tankersley Manor near Barnsley, 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, whose head office is in Morley, Leeds, said would allow it “to continue its successful programme of business development and investment”.
The QHotels Group Limited, 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 Limited.
