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Hospitality group saves boutique hotel in Aberdeen from administration

Carmelite

The Carmelite Hotel in Aberdeen has been saved from administration after a sale secured all 56 jobs at the property.

The 53-bedroom hotel appointed Leonard Curtis Business Rescue & Recovery Glasgow in January 31, 2020 following a ‘significant reduction’ in turnover over the past two years.

Immediately following the administration appointment, assets operating within the Carmelite brand were sold as a going concern to Concordia Hospitality Limited.

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Joint administrator Michelle Elliot said: “Unfortunately, the business experienced a significant reduction in turnover over the last two years – principally due to the downturn in the oil and gas sector -which resulted in cash flow difficulties.

“However, I am pleased to confirm that, immediately after our appointment, a sale of the business and assets of the hotel was concluded.

“This has resulted in the Carmelite Hotel – which is a popular venue for weddings, functions and events – remaining open and all 56 employees retained, which minimises disruption to customers. We’re thankful to staff and guests for their ongoing support at what has been a challenging time.”

Tags : administrationhotelsThe Carmelite Hotel
Zoe Monk

The author Zoe Monk

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