Global Edition

 

Swallow Hotel group in administration

12.15am 18th September 2006 - Corporate

The group that runs Swallow hotels, one of Britain’s biggest private hotel and pub businesses, employing 7,300 people, has been put into administration after experiencing a prolonged period of heavy losses. As one of the largest privately owned groups in the UK, the company is thought to have run into difficulties after an acquisition spree added many new hotels to its portfolio.
Buyers are now being sought for all but one of the operating companies of the London and Edinburgh Swallow Group which employs more than 7,000 staff and runs 671 pubs and hotels across Britain.
Its leading Scottish establishment is the four-star Swallow Carnoustie, beside next year’s Open golf championship venue.

Swallow Hotels with Golf Courses include:
Bank House Hotel, Golf & Country Club, Worcestershire
Coulsdon Manor Hotel and Golf Course, Surrey
Farleigh Court Golf Club, Surrey
Gleddoch House Hotel & Golf Club, Renfrewshire
Suffolf Hotel, Golf & Leisure Club, Bury St Edmunds
Telford Hotel & Golf Club, Shopshire

The administrators, Ernst and Young, said the companies had been struggling for some time with rising losses and that they have already started meeting with people interested in buying parts of the business. No redundancies are planned.
Swallow Hotels www.swallow-hotels.com

       

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