Lincolnshire hotel hit as firm enters administration
A company operating a Lincolnshire hotel has entered into administration.
Northamptonshire-based insolvency practice Marsham Price was pointed as the administrator for Hoby Hotels Ltd, which operates the Woodhall Spa Hotel.
The administrators have confirmed that the hotel will continue trading, at least in the short-term, while a purchaser is sought.
Alan Price, who has been appointed as joint-administrator with Gary Pettit, said: "The hotel will remain open and current indications are that all bookings for accommodation and functions will be honoured.
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"Future bookings are also still being taken.
"The business, which obtains a significant part of its income from the nearby National Golf Centre, is on the market for sale via specialist agents Christie's and we are hopeful that such a prestigious venue will generate a large amount of interest.
"Currently there are no job losses anticipated however, as with any administration, the final outcome cannot be guaranteed."
Is it thought that Holby Hotels' problems stem from the closure of two other hotels it operated, which incurred substantial trading losses.
The administrators have also said that it is too early to forecast what return there will be to creditors, however, it is intended to put a company voluntary arrangement (CVA) in place to deal with its debts.
All enquiries about the administration can be addressed to Mr Price or Natasha Pink, at Marsham Price, by e-mailing firstname.lastname@example.org or by calling 01933 270918.
Anyone interested in purchasing the business is asked to call Ben Freckingham of Christie's on 0115 945 4705.