Hotel up for sale by receivers

The Pack Horse Hotel in the heart of Bolton town centre has been put onto the market by receivers Begbies Traynor.

The 68-bedroom hotel in Bolton's Nelson Square has had a troubled past, with severe flooding causing it to close for 18 months. The owner, businessman Dr Subhash Jajoo, also struggled to pay the repair bill following the floods, which exceeded £200,000.

The hotel – which was put into the hands of r... Continue Reading

Buy a Blackpool hotel for just £1!

A Blackpool hotel is to be auctioned off next month, with an easily affordable starting price tag of just £1.

The Manor Hotel, which stands on the North Shore's Queen's Promenade, has been put up for sale with no reserve price, as the owners simply just want to get as quick a sale as possible.

The 28-bedroom property currently has a £200,000 turnover, and had previously been put on the market in 2009 for th... Continue Reading

Durham Council prepares for care home sell-off

Durham County Council is poised to sell some of its recently closed old people's homes, as it seeks to raise hundreds of thousands of pounds for the public coffers.

The council closed seven homes across the county last summer, as part of its drive to cut £125 million off its budget over the next four years. It is now looking to sell on the buildings, offering them up as prime sites for renovation or redevelopment.

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Cotswolds hotel latest purchase in Thwaites expansion plan

The business plan of Blackburn-based brewery Daniel Thwaites to establish a 25-pub chain of character inns by 2016 moved one step closer this week, with the purchase of a successful Cirencester establishment.

The Cotswolds town's The Fleece Hotel, was bought by the company's Shire Hotels brand after they determined it to be exactly what they were looking for to become one of their Thwaites Inns of Character.

S... Continue Reading

Distressed portfolio pubs for sale across the UK

The administration-hit Tchenguiz business, R&L Properties, have put 126 pubs from their portfolio up for sale.

The pubs being sold are all located in the north of the UK - 76 in Scotland, 10 in north-west England, 12 in north-east - while the remaining properties in the rest of England and Wales are being retained for the time being. The pubs are said to cover a wide variety of quality locations.

For more information ... Continue Reading

Buyer sought for homes in Northern care home group

A buyer is being sought for eight care homes in the north of England after the parent, the Winnie Care Group, filed for administration.

The family-run company - which is headquartered in Cheshire and has operated residential geriatric care services since the mid-1980s - entered admin... Continue Reading

RBS sells iconic Brighton Metropole hotel

Brighton's landmark Hilton Metropole hotel had been sold in a deal thought to be worth more than £39.3 million.

The hotel had been owned by the part-nationalised Royal Bank of Scotland, and is the company's eleventh successful hotel sale since it was bailed out by the government in 2009.

The company has embarked on a drive to dispose of non-core assets in a bid to pay back its government debts. Prior disposal... Continue Reading

Award-winning pub presents exciting purchase opportunity

An award-winning Cotswolds pub has been put up for sale after its landlady decided he wanted to swap the beer tap for teaching and embark on a new career.

Joe Carrier has said the decision to put the Five Mile House in Duntisbourne Abbots up for sale was not taken lightly, but said that it offers an exciting prospect for any new potential owner. The acclaimed pub is on the market for £750,000, complete with planning permission to b... Continue Reading

Shetland record shop put up for sale

An iconic independent music shop that makes the claim for being the UK's most remote has been put up for sale.

Clive's Record Shop was established on the Shetland Islands in the 1970s by Clive Munro, who wanted to provide his fellow islanders with the a ready supply of the music of the time.

Like so many other independent music shops, however, it has suffered under pressures from online music downloads and ch... Continue Reading

Liverpool's Lewis's brand name on the market

The brand name of one of Liverpool's most well-known department stores has been put up for sale.

Potential buyers will be able to buy up the brand name of Lewis's, and take advantage of the established reputation developed by the company, which finally shut its flagship Liverpool store in May 2010.

The department store was first founded in 1856 by David Lewis and went on to establish branches across England -... Continue Reading

SMEs get better deals on unsecured loans says Barclays expert

A leading expert on small business financing has said that most small-and medium-sized enterprises (SMEs) would pay less if they applied for unsecured loans rather than using an asset-backed finance product.

Head of Barclays Business, Steve Cooper, said that many SMEs were getting "a bad deal" by using asset-based lending to make acquisitions, generally because the bank would be happy to make the loan even without the security of th... Continue Reading

Government contracts opened up to SMEs

Small and medium-sized enterprises are to be put in a better position to apply for public sector contracts, through new measures announced by the Cabinet Office.

Prime Minister David Cameron said that the move would open up "billions of pounds' worth of new business opportunities" to the country's small businesses and will stop government contracts from being monopolised by big businesses.

He said there would b... Continue Reading

New fund aimed to encourage franchisees

A £100 million fund has been launched by the Royal Bank of Scotland, aimed at supporting people who wish to set up new franchise businesses.

It is thought that the fund - which has fees of just one per cent and allows for capital repayment holidays - could help create as many as 1,800 Continue Reading

Buyer finally found for Scottish hotel?

A Scottish hotel with a storied, celebrity-filled past is on the verge of being sold, more than half a year after it first went into administration.

A representative for administrators, KPMG, said that the four-star Auchen Castle Hotel - which frequently hosted the Beatles during their heyday - is finally nearing a deal, after a new prospective buyer emerged on Monday.

The potential new owner is likely to take the pict... Continue Reading

Restaurant chain acquired by pub company

Pub giant Greene King has acquired restaurant chain Cloverleaf Restaurants for £56 million.

The pub company said that the acquisition will allow the business to expand, adding another 12 sites to its portfolio.

The purchase will also help Greene King to reposition itself towards retail outlets concentrating on food rather than drink. Greene King said it hoped that the purchase would help it to 'capitalise on the gr... Continue Reading