Baby Grand Hotel Company selling hotel following administration

The Baby Grand Hotel Company - the business behind the 42 The Calls Hotel in Leeds - has called in administrators.

The company has appointed Rob Croxen, David Crawshaw and Blair Nimmo from KPMG's restructuring practice to find a buyer for the four-star boutique hotel. It will continue to trade as normal while a buyer is being sought.

Baby Grand is a subsidiary of the London-based Scotsman Hotel Group Limited (SHGL... Continue Reading

Iconic Welsh rock venue up for sale

The famed Welsh live music venue, TJ's - where Kurt Cobain is said to have proposed to Courtney Love - has been put up for sale, after a deal with prospective buyers fell through.

The Newport rock club, which has become a leading light on the rock scene in Wales since it was first founded in 1971 - was close to being bought in October by a pair of local businessmen. Ozzeer Hassan and his father, Mehmood, won the auction to buy ... Continue Reading

Norwich fire station officially put up for sale

The familiar fire station in the centre of Norwich is to officially be put up for sale, in a move that could net the local authority more than £650,000.

The station - which has served the city for more than 80 years - has the potential to be turned into a mix of residential, retail and office space, after planning permission was granted last August.

The Bethel Street building has been replaced by a state-of-the-art ne... Continue Reading

Little Chef and Burger King premises for sale

Familiar roadside restaurant chain, Little Chef, is to sell 19 of its premises in the UK, following a comprehensive review of its property portfolio.

The company currently runs 161 restaurants throughout the UK, and is letting go the 19 restaurants that operate under both the Little Chef and Burger King brands as they have been deemed to be "surplus" to the company's aims.

Simon Chaplin, director at Christie & Co, h... Continue Reading

Rex restaurateurs buying back business but eyeing new investors

An imminent deal is likely to see the operators of London's The Wolseley restaurant regain full control of their operations, three years after their co-owners fell into administration.

Mark Kleinman from Sky News has reported that Jeremy King and Chris Corbin, the founders of Rex Restaurant Associates, are expected to buy back the chunk of the company that has been controlled by BDO Stoy Hayward, the administrators handling the ... Continue Reading

Admiralty Arch on the market

Admiralty Arch, the historic and eye-catching London gateway that links The Mall to Trafalgar Square, is being sold by the government, and could become a new museum or hotel for the capital.

The building, which stands at the centre of some of London's most sought after and valuable space, is being put on the market by the government for at least £75 million. Civil servants have determined that full modernisation of the 80,000-s... Continue Reading

MBO numbers triple over last three years

New figures have shown that the number of management buyouts (MBOs) carried out in the last three years has more than tripled.

Research carried out by Coutts Entrepreneurs has shown that entrepreneurs are increasingly taking the MBO exit option, due to a lack of trade buyers.

Andrew Haigh, a managing partner at the entrepreneurial division of the high-end bank, said that MBOs were increasingly being seen as valid and vi... Continue Reading

Buyer sought for East Kilbride's Bruce Hotel

The Bruce Hotel, the popular hostelry in the centre of East Kilbride, has been placed into administration by its owners, after succumbing to the hardships of the economic climate.

Flagship Hotels had bought the 65-room property in 2007 and - despite doing a healthy trade as a wedding venue, restaurant and conference centre - they became unable to service its debt.

Administrators were appointed from the Glasgow office of... Continue Reading

'Harrods of the North' House of Bruar up for sale

Scottish luxury retailer House of Bruar has been placed on the market by its founders, following a strategic review that took place after they announced their intention to retire.

Mark and Linda Birkbeck founded the company in 1992, and have developed it to a status where it is informally known as the 'Harrods of the North'. It is based on an 11-acre site near the A9 in Perthshire and retails high-end clothing brands, incl... Continue Reading

Two Scottish tourist hotels put up for sale

Two hotels in Scotland's Glenorchy Lodge Hotels portfolio have been put up for sale, on the instruction of the company's administrators.

The Tyndrum Hotel in Tyndrum and that Taynuilt Hotel in Argyl and Bute are being offered together or as individual lots by agents from Christie + Co. The industry website, Big Hospitality, reported Christie agent, Brian Sheldon, as stating that the two businesses were being traded through... Continue Reading

Independent bookshops looking for buyers

More than 20 independent bookshops across the UK are looking for buyers, according to industry publication, The Bookseller.

The magazine has counted at least 22 bookshops that are currently clamouring to find a buyer, with many of the owners citing the recession, online book sales and difficulties in borrowing money from banks as reasons behind their decisions to sell.

Businesses on offer range from a book and card sho... Continue Reading

Lancashire Council to sell Preston's Park Hotel

Lancashire County Council is to sell off the landmark Park Hotel on East Cliff, as part of major local authority budget cuts.

The building, which was first built in 1882, currently houses offices for the local council, but it is hoped that an enterprising developer will snap it up and take advantage of its prime location, with sweeping views over Avenham and Miller Parks.

The 504 staff currently based in the building wi... Continue Reading

Longmynd Hotel for sale for £1.75 million

The retirement of the long-term owners of the established Shropshire Hills hotel, the Longmynd Hotel, is presenting a lucrative opportunity prospective buyers with experience of running medium- to large-scale hotels.

The family-run hotel - which has been run by the Chapman family since the late 1970s - has been put on the market with a price tag of a cool £1.75 million.

The three-star hotel, which is located not far fr... Continue Reading

Historic Scottish brewery complex on the market

The Fox and Hounds, one of Scotland's most historic pub, restaurant and micro-brewery complexes has been put up for sale with a £1.3 million price tag.

The business and its Houston premises has been put on the market through agents Christie & Co, with a price tag of £1.3 million. The pub is one of the oldest pubs on the Scottish west-coast coach line, which has historically supported a string of pubs along its route through R... Continue Reading

Silver Star Holidays enters administration

North Wales coach holiday firm, Silver Star Holidays, has entered administration.

The company, which has been operating out of Caernarfon for 93 years, cited difficult economic conditions for causing the company to cease trading. Administrators are now looking to sell the company's good will and contracts.

Some 1,500 people have current or future bookings with the company, which administrators are looking to refun... Continue Reading