Ernst & Young’s Alan Bloom, Chris Marsden and Angela Swarbrick were today (21 April) appointed as joint administrators to Von Essen Hotels, the holding company of a collection of 28 private hotels based in the UK and France.
The hotels are not in administration and they will continue to trade as usual.
Swarbrick said: "The funding vehicle [went into administration after it] breached its bank covenants. It is business as normal for the hotels and customers of Von Essen Hotels can continue to enjoy their stay."
She added that it is too early to report on the possibility of staff cuts.
Earlier this year, Von Essen announced it was planning to expand through acquisition and enhanced services in the coming year.
The chain last month appointed Charles Prew to the newly created role of chief executive officer.