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Von Essen hotel owner appoints administrators Von Essen hotel owner appoints administrators
(about 2 hours later)
The holding company of the von Essen hotel chain has appointed accountants Ernst & Young (E&Y) as administrators.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 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.The hotels themselves are not in administration and are operating normally, E&Y said in a statement.
Among the holding company's assets are the Royal Crescent hotel in Bath, and Cliveden in Berkshire where much of the 1960s Profumo affair took place.
The company also owns a foods business as well as the Culpeper soaps retailer, which separately entered administration two months ago.
The accountancy firm told the BBC that its appointment did not pose a risk to the hotels as ongoing businesses.
"It is business as normal for the hotels and customers of von Essen Hotels can continue to enjoy their stay," said Angela Swarbrick, one of the joint administrators."It is business as normal for the hotels and customers of von Essen Hotels can continue to enjoy their stay," said Angela Swarbrick, one of the joint administrators.
Among the company's assets is the Royal Crescent hotel in Bath, and Cliveden in Berkshire where much of the 1960s Profumo affair took place. Ernst and Young added that it was too early to say how the holding company's debts would be resolved, but said that there were no immediate plans to sell off its assets.