Lambert Smith Hampton (LSH) has been appointed by joint administrators to sell three hotels owned and operated by the Shepherd Cox Group.
Harrisons Business Recovery and Insolvency has instructed LSH to sell the New Hobbit Country Inn, Sowerby Bridge near Halifax, Hallgarth The Manor Hotel near Durham and the Allerton Court Hotel in Northallerton.
All three hotels have been trading under the Best Western brand and LSH says the lot is expected to garner interest from a ‘wide range of purchasers’.
The 16th century Hallgarth Manor, which has recently undergone a £2m refurbishment, provides 24 bedrooms, three restaurant areas totalling more than 140 covers, a bar and residents lounge and a 240-capacity function room set within a four-acre country estate.
The business has an annual net turnover of £954,611 and is located five miles from Durham.
The New Hobbit hotel offers 30 bedrooms, a bar / restaurants totalling approximately 60 covers and a function room with a capacity of approximately 120. The hotel has an annual net turnover of £747,009.
The three-star Allerton Court Hotel, which comprises 44 bedrooms, two restaurants and a bar totalling 120 covers as well as a 240-capacity function room set within 3.256 acres, has an annual net turnover of £1,239,858.
Martin Davis, director of hotels and leisure at LSH, said: “All three of these hotels have been trading under the Best Western brand and are extremely well-located. Each of the hotels are well-established and draw trade from all over the UK in addition to regular, local custom. As such, we anticipate they will generate strong interest from a wide range of purchasers, including investors and owner-operators.”