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
What the election result means for events

What the election result means for events

Following a landslide victory for the Conservative Party in the general election, what do key industry figures think about the result?

C&IT's APAC Awards now open for entries

C&IT's APAC Awards now open for entries

Brand new this year, C&IT will recognise the very best in events in the Asia Pacific region.

Which trends do corporate event planners expect to see next year?

Which trends do corporate event planners expect to see next year?

In part nine of our State of the Industry: Corporate Report, we asked corporate event planners what trends they expect to see in 2020.

Trinity Event Solutions appoints managing director

Trinity Event Solutions appoints managing director

Jenny Harding steps into a new role after ten years at the agency, where she has also been recognised for charitable work.

Top 3 incentive trends for 2020

Top 3 incentive trends for 2020

What are the biggest luxury travel requests that incentive planners should watch next year?

Plans revealed for major new Edinburgh arena

Plans revealed for major new Edinburgh arena

The 8,000 seater indoor arena in Scottish capital is expected to include conference space and hotels.

What corporate event planners want from suppliers

What corporate event planners want from suppliers

Part eight of the State of the Industry Corporate Report asks what the most influential factors are when choosing suppliers.

Australian bushfires: 'Natural phenomena and crises are always going to happen'

Australian bushfires: 'Natural phenomena and crises are always going to happen'

Tourism Australia's Penny Lion talks about the bushfire crisis and the country's booming events industry.

Top Banana hires non-executive director

Top Banana hires non-executive director

New addition brings more than 30 years experience to the agency and will mentor and advise the leadership team.

Why there's been a surge of new hotels in Perth

Why there's been a surge of new hotels in Perth

Its pristine beachfront rivals California, with massive investment in tourism creating new hotels and jobs.

LATEST JOBS