Parent company of the Hotel Collection, the UK Group of Hotels, has been placed into administration.
Administrators Duff & Phelps have been appointed to restructure banking facilities.
“None of the subsidiaries of the parent company are affected by this process and all hotels will continue their day to day operations as normal,” a statement from the holding company said. The statement promised all staff would retain their roles and existing bookings would be honourued.
The 21 hotels owned by the former Puma Hotels were rebranded in May 2012 when Spanish company Barcelo decided to pull out of the UK market and management of the hotels.
Puma renamed the hotels The Hotel Collection in June this year and claimed strong revenue growth.
The collection includes: The Lygon Arms Broadway, The Hinckley Island Hotel, Leics, The Marine Hotel, Troon The Old Ship Hotel Brighton and The Imperial Hotel, Torquay.
The Hotel Collection issused a statement which said: “The administration of UK Group of Hotels Plc (previously Puma Hotels Plc) has no effect on The Hotel Collection and for us it is business as usual. There will be no changes to staff, suppliers or vendors. This development in fact leaves The Hotel Collection well positioned to optimise its market position, initiate strategic investments to upgrade its portfolio and pursue targeted growth opportunities.”
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