Chris Stevens and Ian Vickers, client partners at Vantis Business Recovery Services (BRS), a division of Vantis, the UK accounting, tax and business advisory group and appointed Joint Administrators to Staincliffe Hotel, have appointed estate agency Christie & Co to market the business for sale.
The Staincliffe Hotel, based in Seaton Carew, Hartlepool, entered into administration on 28 April 2009.
Commenting on the case, Chris Stevens said: “The hotel entered into administration following financial difficulties, however, trading continues. We are working closely with the management team to try to achieve a sale to safeguard the business and its staff.”
Vantis’ knowledge and understanding of the hospitality and leisure businesses mean that it is well placed to provide sound and practical accounting and business advice. Its specialist Hospitality and Leisure Group includes recognised experts in leisure accountancy, business and tax advisory services. Vantis is also the patron supplier of accounting, business advisory and tax services to the British Hospitality Association; the national association for hotels, restaurants and caterers. The Vantis team can advise on optimising VAT and Direct Tax for hospitality and leisure businesses.
Customers with confirmed hotel reservations should contact the hotel. The joint administrators will endeavour to honour any deposits paid.
Staincliffe Hotel
Staincliffe Hotel is a picturesque, pre-Victorian property in the coastal village of Seaton Carew, approximately one mile from Hartlepool town centre.
The business features the award-winning 64-cover Ocean Restaurant, a 40-cover lounge bar, two function rooms with total capacity for up to 200, a 35-space car park, and garden areas to the front and rear.
Originally built as a large private residence, the property was converted into a hotel approximately 50 years ago.
Offers in the region of £875,000 are being sought for freehold interest in the hotel.
David Lee, Director at Christie & Co, said: “We expect a substantial amount of interest in this landmark hotel which has superb views over the North-East coastline, with a number of viewings having already taken place.”
Any interested parties who wish to discuss this opportunity further should call David Lee on 0191 222 1740.