The exclusive Barnsley House hotel, haunt of Gwyneth Paltrow, Liz Hurley and Elton John is the latest to be hit by the crunch.
It's a gorgeous 17th century Cotswold stone pile, near the town of Cirencester, with two pubs, the Village Pub and the Catherine Wheel also under the same ownership. Rooms were priced between £295 and £570.
But all these factors were not enough to save it from administrators KPMG, now running the business for Barnsley House Ltd.
The 70 full- and part-time staff running the hotel are threatened with job losses.
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