It takes two baby - Niche Hotels

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Royal HotelKitchen Rat received further information this morning regarding the Niche Hotel group, following the news it had called in administrators at two of its properties.

We previously reported that both the Wyckhillhouse Hotel&Spa, Stow-on-the-Wold and The Royal Hotel, Cardiff  had the administrators called in after entering financial difficulties.

This has now been confirmed by the group's managing director, and majority shareholder Alan Corlett.

But Corlett insisted that the rest of the properties were still operating fine and that the hotel group itself had not entered administration.

He said: "The reason that the Cardiff hotel has called in the administrators is that the building work that was being carried out caused far too much disruption to the guests.

"And secondly the current economic crisis has not helped country hotels with their corporate and incentive market. But the rest of the hotels are fine and we are working with MCR administrators to go forward."

Folio Hotels calls in the administrators>>
 

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This page contains a single entry published on December 24, 2008 11:59 AM.

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