The Eton Collection's hotels go into administration

The Eton Collection has placed five of its seven luxury boutique hotels into administration.

The Eton Collection's hotels go into administration
The Eton Collection's hotels go into administration

KPMG has been appointed administrators for the properties, which include the Academy, the Colonnade and Threadneedles hotels in London, the Glasshouse in Edinburgh and Quebecs in Leeds.

"The hotels have gone into administration because of their heavy debt burdens," a KPMG spokeswoman told C&IT. "As they have traditionally traded well, we're hopeful of a sale."

The Eton Collection’s 42 The Calls in Leeds and the Scotsman in Edinburgh are not within the parameters of the administration, KPMG said.

The group employs around 250 staff and no redundancies have been made to date.

KPMG joint administrator and restructuring partner Jane Moriarty said: "We are continuing to trade the business while we assess the position of the hotels. Historically, however, the hotels have traded successfully and are well regarded at the luxury end of the market so we are hopeful of securing a successful resolution to this situation."

Eton Collection managing director Peter Tyree told C&IT last March: "Trading is a bit touchy. It is down on last year but our budget predictions allowed for that. In the West End we're on target but in the City, the corporate market has got much weaker."

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Kimpton Blythswood Square Hotel opens in Glasgow

Kimpton Blythswood Square Hotel opens in Glasgow

Luxury hotel has 113 rooms, a Bo & Birdy restaurant and bar and private roof garden with views of the city.

'I'm fortunate to work on events that you sometimes have to pinch yourself at'

'I'm fortunate to work on events that you sometimes have to pinch yourself at'

A-List 2019: Michael Charles, creative director, Julia Charles Event Management.

Why an acquisition is a bit like a first date

Why an acquisition is a bit like a first date

Co-founder of FIRST, Mark Riches, explained why not all M&A activity is a success at the C&IT Breakfast Briefing.

C&IT Wellness Report hub is now live

C&IT Wellness Report hub is now live

Subscribers can read the entire report online now, which has been created in partnership with Stress Matters.

Dublin: A serious place to do business and a great place to relax

Accessibility, good value for money, excellent service, top-notch hotels and venues, history and culture and quality food are all key factors for event planners when deciding on where to host their event. And Dublin is a destination that ticks not just one or two, but all of those boxes and more.

Who are the fastest growing event agencies?

Who are the fastest growing event agencies?

Based on our annual Top 50 of UK agencies, we've crunched the numbers to see whose event-based turnover is growing rapidly.

'Young people bring new energy and thinking, and are in touch with what's going on'

'Young people bring new energy and thinking, and are in touch with what's going on'

A-List 2019: Steve Catling is the director of Hippo Events.

Strata appoints client services director and head of incentives

Strata appoints client services director and head of incentives

Agency makes three further hires including a junior designer, event operator and warehouse manager.

New business development director for Set Creative

New business development director for Set Creative

Nick Tether joins the agency from Exterion Media and will focus on growing the business.

Download the full State of the Industry: Corporate Report

Download the full State of the Industry: Corporate Report

Topics from the 2018 report include how events budgets are changing and what corporates want from event agencies.

LATEST JOBS